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Crude Oil Prices Are Tanking; Here's What to Expect and What to Do Now
Crude oil prices were down sharply again this week, reaching their lowest prices since January 2012.
Thursday, West Texas Intermediate (WTI) crude oil for November delivery dropped to $80.01 a barrel. That's a 23.4% dip from the three-year high it set in June. Brent oil prices were down 4.3% to $85.04 Tuesday. That was Brent's biggest one-day drop since September 2011.
Here’s why the price of oil took another big hit this week, and what investors can do now…
Crude oil prices were down sharply again this week, reaching their lowest prices since January 2012.
Thursday, West Texas Intermediate (WTI) crude oil for November delivery dropped to $80.01 a barrel. That's a 23.4% dip from the three-year high it set in June. Brent oil prices were down 4.3% to $85.04 Tuesday. That was Brent's biggest one-day drop since September 2011.
Here’s why the price of oil took another big hit this week, and what investors can do now…