Oil Prices Plunge By 6 Percent
- 5 years ago
According to Reuters, oil prices are taking a plunge after reaching four year highs only weeks ago.
By the afternoon on Nov. 23rd, oil prices were down between 6-and-8 percent, bringing the price per barrel down to lows last seen over a year ago.
The international benchmark was down over 6-percent, shedding $3.80 off a barrel.
That brought Brent crude futures down to $58.80.
The price for West Texas Intermediate crude fell to $50.42 a barrel, after dropping nearly 8-percent.
By the afternoon on Nov. 23rd, oil prices were down between 6-and-8 percent, bringing the price per barrel down to lows last seen over a year ago.
The international benchmark was down over 6-percent, shedding $3.80 off a barrel.
That brought Brent crude futures down to $58.80.
The price for West Texas Intermediate crude fell to $50.42 a barrel, after dropping nearly 8-percent.