Oil collapses to seven-year low: Petrol prices forecast to fall below £1 a litre across Britain in time for Christmas getaway
![Oil collapses to seven-year low: Petrol prices forecast to fall below £1 a litre across Britain in time for Christmas getaway](http://i.dailymail.co.uk/i/pix/2015/12/07/21/2F27096400000578-0-image-m-116_1449523790922.jpg)
Brent crude futures slumped more than 5 per cent to $40.7 a barrel, and traded at the lowest level since February 2009, while US crude fell 6 per cent to below $38.