Brent crude
oil prices have dropped generally under $50 a barrel since Thursday. Brent at London
futures is trading at $49.79 today. The U.S. WTI crude was at $43.59. Global
oversupply, including Middle East production and U.S. shale oil pumping at
record levels, and weak China demand are driving prices down. Geopolitical
factors, including wars in Iraq, Syria and Yemen appear to have limited impact
on saturated crude oil market.
2 comments:
Oil under $ 40 , Oil under $ 30 , Oil under .... ??
Oil is lubricating this regime.Oil is lubricating their armed thugs to oppress and intimidate the masses.The sooner the price of oil comes crashing the sooner the regime will be incapable to cover the multiple potholes that they have created.
Post a Comment