Why oil price went down today

Why Oil Is Down: WTI crude oil prices plunged 8% this week, from $53.20 a barrel on Monday to a low of $49.05 today (Thursday, March 9). The shocking fall caught investors by surprise, so we’re addressing this week’s plunge, along with what is next for oil prices in 2017. Oil is down this week thanks to The US-traded benchmark was down 3% to $95.44 a barrel, its lowest price in months. The price decline boosts those who argue that oil abundance will bring on a decade-long period of relatively low That’s why oil prices tend to jump up and down. Current prices (as of this writing, $56) are about equal to year-ago prices. It’s been just a bit over four years since prices were over $100, and less than three years since they were $27. FocusEconomics, which compiles forecasts of countries all over the world,

24 Dec 2018 Brent fell 11 percent for the week, dropping to its lowest since September 2017 on Friday, while WTI also dropped 11 percent last week, its worst  8 Jun 2019 Because of the 12.4 million barrels per day the United States is producing — more than any other country in the world right now — traders are  16 Sep 2019 Political-risk premiums are now back on the oil-market agenda. blue-chip shares has closed 46 points lower at 7,321 points, a drop of 0.6%. Oil’s latest price moves and today’s key news stories driving crude’s action, as well as developments in the broader energy sector.

That’s why oil prices tend to jump up and down. Current prices (as of this writing, $56) are about equal to year-ago prices. It’s been just a bit over four years since prices were over $100, and less than three years since they were $27. FocusEconomics, which compiles forecasts of countries all over the world,

24 Dec 2018 Brent fell 11 percent for the week, dropping to its lowest since September 2017 on Friday, while WTI also dropped 11 percent last week, its worst  8 Jun 2019 Because of the 12.4 million barrels per day the United States is producing — more than any other country in the world right now — traders are  16 Sep 2019 Political-risk premiums are now back on the oil-market agenda. blue-chip shares has closed 46 points lower at 7,321 points, a drop of 0.6%. Oil’s latest price moves and today’s key news stories driving crude’s action, as well as developments in the broader energy sector.

27 May 2019 Crude oil prices were down at trading start on Monday having posted the largest percentage drop of 2019 last week when Sino-U.S. trade 

9 Mar 2020 Commodities trading veteran Renee Haugerud was already bearish on oil. Now she thinks it can get worse. Here's why. 9 Mar 2020 Oil is down 21% after its biggest drop in decades following Saudi A graph showing the price of Brent crude oil from February 9 to Monday. Oil's latest price moves and today's key news stories driving crude's action, as well as developments in the broader Oil price can only go down, BP CFO says. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice. 2 days ago The stock market is down over 6% today. I looked, just a second ago, over the past month down almost 25%. Hall: And I'm looking at it right now. 22 hours ago PETALING JAYA: Brent crude oil price went below US$30 per barrel as well as closing down school, universities and shops starting today.

The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of March 17, 2020 is $27.03 per barrel. Historical  

9 Mar 2020 Oil is down 21% after its biggest drop in decades following Saudi A graph showing the price of Brent crude oil from February 9 to Monday. Oil's latest price moves and today's key news stories driving crude's action, as well as developments in the broader Oil price can only go down, BP CFO says. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice. 2 days ago The stock market is down over 6% today. I looked, just a second ago, over the past month down almost 25%. Hall: And I'm looking at it right now.

Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice

Why Oil Is Down: WTI crude oil prices plunged 8% this week, from $53.20 a barrel on Monday to a low of $49.05 today (Thursday, March 9). The shocking fall caught investors by surprise, so we’re addressing this week’s plunge, along with what is next for oil prices in 2017. Oil is down this week thanks to The US-traded benchmark was down 3% to $95.44 a barrel, its lowest price in months. The price decline boosts those who argue that oil abundance will bring on a decade-long period of relatively low That’s why oil prices tend to jump up and down. Current prices (as of this writing, $56) are about equal to year-ago prices. It’s been just a bit over four years since prices were over $100, and less than three years since they were $27. FocusEconomics, which compiles forecasts of countries all over the world,

The price of a barrel of Brent Crude stood at $59.31 at the end of last week. It's now fallen to $53.95 and shows little sign of recovering, dropping around 1.5%  9 Mar 2020 Brent crude futures, the global oil benchmark, were down 22%, last trading at $35.45 per barrel. US oil is trading at $33.15 per barrel, a decline of  9 Mar 2020 Commodities trading veteran Renee Haugerud was already bearish on oil. Now she thinks it can get worse. Here's why. 9 Mar 2020 Oil is down 21% after its biggest drop in decades following Saudi A graph showing the price of Brent crude oil from February 9 to Monday. Oil's latest price moves and today's key news stories driving crude's action, as well as developments in the broader Oil price can only go down, BP CFO says.