OIL PRICES
Crude Oil Prices Slide With Supply Surplus And Poor Economic News
Crude oil prices hit their lowest point in 18 months on 21 June with WTI settling at $78.20/B and Brent dropping to $89.23/B. Poor economic prospects based on a strengthening dollar and weak economic indicators for the US, Europe and China led some traders to comment that a further drop in prices can be expected. Rising crude inventories in the US and a steady surplus in supply from...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!