Oil Prices Hit Their Lowest Prices In 14 Months
- 5 years ago
According to Reuters, oil prices dropped to their lowest price of the year.
Amid worries of another global supply glut, and the outlook for energy demand after another increase to interest rates, oil prices fell more than 4-percent.
Brent crude futures lost $2.35, bringing the price of a barrel down to $54.89.
West Texas Intermediate crude futures lost $2.01, bringing the price of a barrel down to $46.16.
That is the lowest Brent crude has been trading since Sept.
Amid worries of another global supply glut, and the outlook for energy demand after another increase to interest rates, oil prices fell more than 4-percent.
Brent crude futures lost $2.35, bringing the price of a barrel down to $54.89.
West Texas Intermediate crude futures lost $2.01, bringing the price of a barrel down to $46.16.
That is the lowest Brent crude has been trading since Sept.