Oil Prices Sink To Lowest In A Year
- 5 years ago
According to Reuters, Oil prices fell about 3 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
Brent crude LCOc1 futures fell $1.53 to $55.71 a barrel, a 2.7 percent loss, by 10:55 a.m. EST (1555 GMT). U.S. West Texas Intermediate (WTI) crude CLc1 futures fell $1.55 to $46.62 a barrel, a 3.2 percent loss.
Brent crude LCOc1 futures fell $1.53 to $55.71 a barrel, a 2.7 percent loss, by 10:55 a.m. EST (1555 GMT). U.S. West Texas Intermediate (WTI) crude CLc1 futures fell $1.55 to $46.62 a barrel, a 3.2 percent loss.