UK gas prices slide, tracking weakness in oil

LONDON, Rabi’II 2, 1437, Jan 12, 2016, SPA — British gas prices sank on Tuesday, tracking losses in oil markets, according to Reuters.

Contracts for delivery in the second and third quarter of 2016 fell more than 4 percent, as crude oil fell 3 percent, heading towards $30 per barrel and levels not seen in over a decade.

Prices for week day next week delivery fell 5 percent to 33 pence per therm.

12:07 LOCAL TIME 09:07 GMT