Markets are a little shell-shocked as oil prices continue to drop due to a combination of oversupply and sluggish demand. 687 more words
Tags » West Texas Intermediate
Oil prices continued their steady decline Thursday, sinking past another milestone as the price of crude dropped below $60 per barrel for the first time in five years. 148 more words
OPEC took no action to ease a global oil-supply glut, resisting calls from Venezuela that the group needs to stem the rout in prices. Futures slumped the most in more than three years. 619 more words
Alberta focused on fiscal restraint
Despite positive second quarter results, declining oil prices require government to be diligent in fiscal planning.
Oil prices continued to slide this week, with West Texas Intermediate (WTI) closing at $74.09 US per barrel yesterday. 425 more words
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