Royal Dutch Shell Group .com Rotating Header Image

Crude-oil prices are in a nasty death spiral

Screen Shot 2015-12-11 at 22.17.42

Screen Shot 2015-12-11 at 22.24.21

By Myra P. SaefongDec 11, 2015 10:42 a.m. ET

Crude-oil futures have been facing severe headwinds since last year, when prices for the U.S. and global benchmarks shed more than half their value from the highs seen in June 2014. Now, crude oil faces another stunning unraveling.

The commodity has already lost a third of its value in 2015…

On Friday, West Texas Intermediate crude CLF6, -3.81% took another step lower, dipping below $36 a barrel after the International Energy Agency said the oil-supply glut would continue to keep prices low.

SOURCE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Comments are closed.

%d bloggers like this: