The Conversation (0)
Brent crude oil is slipping towards $62 a barrel, unseen since July 2009, and is down more than nine percent this week. Since it peaked in June, it’s fallen 45 percent.
Brent crude oil is slipping towards $62 a barrel, unseen since July 2009, and is down more than nine percent this week. Since it peaked in June, it’s fallen 45 percent.
According to Reuters:
Brent LCOc1 was down $1.03 at $62.65 per barrel by 9:27 a.m. EST and hit a low of $62.37.
Down 33 percent already, it is on track for its biggest quarterly drop since the fourth quarter of 2008.
U.S. crude CLc1 was down $1.21 at $58.74 per barrel, after falling to $58.27, its weakest since May 2009. The contract has lost about 11 percent this week.