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…
Stock market today, October 15, 2014: U.S. stock markets ended the day flat Tuesday after struggling to rebound, with yet another late sell-off hitting the markets in the final hour. The S&P 500 Index and Nasdaq managed to eke out modest gains, but the Dow Jones slipped another 5 points. The S&P 500 Volatility Index (VIX) dipped 4% on the day.
Last week's stock market correction meant a 464-point plunge in the Dow Jones Industrial Average. We witnessed a continued sell-off in energy stocks and a slump in commodity prices, specifically oil, highlighting certain profit opportunities.
Here’s what else you should know to make your Wednesday profitable…
Why oil is down today: Crude oil prices continue to plummet today (Wednesday) as West Texas Intermediate dropped to $86.83 per barrel for November delivery on the New York Mercantile Exchange. That was WTI's lowest price since April 17, 2013.
Brent crude was trading at $91.51 per barrel just after 1:00 pm.
Here’s why crude oil prices have continued to drop dramatically over the past three months…
Crude oil prices fell again early this morning (Thursday), as West Texas Intermediate (WTI) crude dropped as much as 2.8% to $88.18 per barrel for November delivery. That's a 20% drop from the three-year highs WTI set in June, and just above the 52-week low of $87.85 futures contracts set in January.
Brent crude oil prices were down to $92.45 per barrel, or 1.8%, shortly after 9:30 a.m. today.
Here’s why crude oil prices have continued to drop dramatically over the past three months…
