Oil hovers near 11-year lows on abundant supply
Both crude benchmarks are down by more than two-thirds since prices started tumbling in 2014
Oil falls towards $37, near 11-year low, as excess supply weighs
Figures from OPEC suggest a supply glut of more than 2 million barrels per day
Brent oil price falls below $60 a barrel
China’s manufacturing sector shrank for the first time in seven months in December
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