U.S. crude oil storage hammers oil prices

April 2, 2015 2:03 PM

54 0

U.S. crude oil storage hammers oil prices

WTI beating Brent in terms of weekly price momentum.

The price for West Texas Intermediate crude oil, the U.S. benchmark, dropped 2.25 percent in early Thursday trading to sell for $48.96 per barrel. With oil markets favoring the supply side for close to a year, WTI has been unable to hold above the $50 mark for very long.

Read more

To category page

Loading...