Crude oil prices dropped to 5 years low

Crude oil prices dropped to 5 years low


Dec 10 2014 



Crude oil prices dropped to a five-year low ( on July 2009, crude oil dropped to $62.90) due to oversupply worries as Iraq followed Saudi Arabia in cutting prices for crude oil sales to Asia and the United States to its lowest level in 11 years. Ahead of the U.S crude oil inventories report.

Crude Oil (WTI) is trading around   62.85

Crude Oil (Brent) is trading around 65.90

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