![Brent is teetering close to $28.94 level seen in January 2016, which prompted Saudi Arabia and Russia to form an alliance. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/H6IWXMF2PO342BH55FPJOXUKRQ.jpg?smart=true&auth=9ae7c0537e1d615228b85ff62b87e9ba0c936e1bb6ba0677bd5317a65c1782ec&width=400&height=225)
Brent is teetering close to $28.94 level seen in January 2016, which prompted Saudi Arabia and Russia to form an alliance. Reuters
Brent is teetering close to $28.94 level seen in January 2016, which prompted Saudi Arabia and Russia to form an alliance. Reuters
Brent falls below $30 even as markets show signs of levelling off
The commodity is teetering close to the $28.94 level seen in January 2016