why wti crude oil prices are down today

Why WTI Crude Oil Prices Are Down Today – 8/6/15

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 6, 2015

WTI crude oil prices sunk lower today as concerns about the Chinese stock market and excess supply perpetuate the month-long free fall.

Despite today's decline, supply is about to start drastically shrinking in the coming months.

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - June 19, 2015

Two reasons why WTI crude oil prices are down today are the Greek debt negotiations and looming Iran deadline.

The international news has big implications on where WTI oil prices are headed the rest of the year.