Markets crushed as oil sinks again

Biggest Irish decliners included Bank of Ireland, CRH, Ryanair and C&C

Traders on the floor of the New York Stock Exchange this week. Pic: Getty

Stock markets across the world took a battering on Friday as the 2016 sell-off continued to intensify.

The price of oil slumped to a fresh 12-year low of just under $30 a barrel, a 4 per cent daily decline. And there were also renewed fears about the health of the global economy on the back of a disappointing surveys of manufacturing and industrial output in the US and news that the world’s biggest ...