Oil Prices Drop To Lowest Of 2018
- 5 years ago
According to Reuters, oil prices slid to their lowest prices of the year amid concerns of a supply glut.
By the afternoon on Nov. 23rd, the international benchmark fell by $3.13, bringing a barrel of Brent crude oil to $59.47, while West Texas Intermediate crude lost $3.35 falling to $50.53 a barrel.
The global supply of oil is currently growing faster than demand, in part because of US oil producers.
By the afternoon on Nov. 23rd, the international benchmark fell by $3.13, bringing a barrel of Brent crude oil to $59.47, while West Texas Intermediate crude lost $3.35 falling to $50.53 a barrel.
The global supply of oil is currently growing faster than demand, in part because of US oil producers.