Mexican Media Brands
Oil Prices Now at 6-Year Low
U.S. and global benchmarks for crude oil prices have both dropped to their lowest level since early 2009.
#economics
Share
U.S. and global benchmarks for crude oil prices have both dropped to their lowest level since early 2009.
West Texas Intermediate crude fell to $47.36 per barrel on Monday. Brent crude dropped to $45.90.
Some analysts expect prices to hover around $40 per barrel through the first half of 2015 compared with $110 last June. Traders say prices aren't likely to rise significantly until U.S. shale companies or the Organization of the Petroleum Exporting Countries cut production. Both groups say they have no plan to do so.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.