Tags » West Texas Intermediate

Oil prices drop below $75 for first time in four years amid supply glut

Oil prices dropped below $75 Thursday, hitting their lowest levels in four years as higher production creates an excess of supply.

The price of West Texas Intermediate crude oil dropped by $2.85 to $74.33, and has fallen more than 30% since June, when prices were above $107. 287 more words

Energy

Prices at the pump continue to decline | Pending home sales slip | Service sector activity eases

Monday – October 27

Americans who purchase gas to fuel their cars have been receiving a sort of tax break in the past five months as the price of regular gas at the pump continues to decline. 264 more words

Mortgage & Market News

The perils of running a petro-economy

Western oil magnates and their fellow travellers in government and media once crowed superciliously about their pride of economic place in Canada. They and they alone, they insisted, were responsible for the nation’s surging fortunes in global markets. 657 more words

Economy

How to Profit When Oil Prices Slide

Oil prices continue to slide. On the first day of October West Texas Intermediate (WTI) dipped below $90 per barrel for the first time since spring 2013. 225 more words

Economy