Crude oil WTI lost 24.8 percent in 2018

Crude oil lost 44.3 percent from high $76.41 to low $42.53 on three months fall from October 03. until December 24. It was the biggest losing streak in the past several years due the oversupply, Saudi record output and fear from the global economic slowdown. As the oil price opened 2018 at $60.17 per barrelContinue reading “Crude oil WTI lost 24.8 percent in 2018”

Oil price fell by 30 percent in October/November to $53 per barrel

It looks like the Crude oil price fall has no end as it reached a $53 per barrel yesterday, the lowest level in more then 12 months. In total, from the high of the year 2018 at $76,41 in October 03. Crude oil lost 30 percent until yesterday, slightly recovered to $54,40 in the morning.Continue reading “Oil price fell by 30 percent in October/November to $53 per barrel”