Mexican Media Brands
Oil Prices Fall to New 5-Year Low
Crude oil prices fell another 4% on Monday, accelerating a decline that began six months ago.
#economics
Share
Crude oil prices fell another 4% on Monday, accelerating a decline that began six months ago.
The two benchmark measures, West Texas Intermediate and Brent crude, fell to $63.06 and $66.10 per barrel yesterday. West Texas prices were at about $107 in June.
Analysts say the slide isn't over. One estimates that oil futures will remain below $70 until 2017. USA Today notes that the slump has hit the oil and energy industry hard, with shares of some companies plunging as much as 90% from their 52-week highs.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.