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
-
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.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
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.