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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
NAIROBI: Yesterday, US crude oil prices crashed below $50 (Sh4,540) a barrel while benchmark price tumbled under $53 (Sh4,812.4). This is the biggest drop in more than five and a half years.
Since June last year, oil has lost around 55 per cent of its value on a production glut, weak demand and a strong US dollar.
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