How low can oil prices go? Opec and El Niño take a bite out of crude's cost

As the price of crude plummets to its lowest level in nearly a decade, analysts point to Opec's recent 'disarray' and a warming weather pattern as the main culprits - and think we have yet to see the bottom Crude oil prices fell to their lowest levels since the 2007-08 global financial crisis this week, and further losses could be in the cards as the factors that led to lower values remain in force. Following the decision on 4 December by the Organization for Petroleum Exporting Countries (Opec)...