A persistent glut in crude supply could push prices to as low as $16 a barrel this year, according to former Russian Finance Minister Alexei Kudrin. Kudrin won plaudits overseas for his stewardship of Russia’s finances during Putin’s first decade in power. As the current crisis deepened SEE MORE At 4pm, DOJI Hanoi listed the buying and selling prices of gold at 33.25 million VND (1,484 USD) and 33.35 million VND (1,488 USD) per tael, respectively, a decrease of 270,000 VND (12.05 USD) compared to the previous day's closing rate. SEE MORE The global oil market will begin rebalancing in 2017 with supply and demand aligning, although current enormous stockpiles will dampen the pace of any recovery in pricing, according to the International Energy Agency (IEA) on Monday. SEE MORE Oil prices jumped on Monday following steep losses in the previous session, supported by a fall of U.S. rig count, but analysts said general oversupply was keeping the market weak. SEE MORE China’s ratio of debt to its economic size is seen climbing for at least another four years, underscoring the risks facing policy makers as they strive to prevent a deeper slowdown without triggering a credit blowout. SEE MORE