Mexican Media Brands
Oil Prices Sag Again
Petroleum futures, which began a weak rally last month from six-year lows, fell back to new six-year lows in early Asian trading today.
#economics
Share
Petroleum futures, which began a weak rally last month from six-year lows, fell back to new six-year lows in early Asian trading today.
The U.S. standard, West Texas Intermediate crude, skidded to $43.57 per barrel. Brent crude, the benchmark elsewhere, dropped to $53.34. Prices were at about $107 last June.
Analysts say petroleum futures are being depressed by a glut of stored oil in the U.S. and the stronger dollar, against which oil prices are measured.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .