8 Mar 2020 Oil prices dropped as much as 30% following the unexpected Saudi decision The benchmark Brent crude oil price fell below $34 per barrel. S&P 500 futures hit their limits after tumbling 5%, and the key 10-year Treasury  1 day ago Airlines are on track to cut flights by 75 percent for April and May. Related: Largest Oil Glut In History Could Force Crude Prices Even Lower.

At Thursday’s meeting in Vienna, the Organization of the Petroleum Exporting Countries and some non-OPEC producers agreed to extend supply cuts of 1.8 million barrels per day (bpd) until the end of the first quarter of 2018. Brent crude oil LCOc1 settled down $2.50, or 4.6 percent at $51.46 a barrel. Wall Street is finally coming to grips with the idea that the US-China trade war is going to get much worse before it gets better. The DOW fell nearly 300 points today, dragging oil prices down five percent, while China-sensitive stocks took a tumble. At the same time, Iran has dialed back the ambition in recent weeks, saying that it will only produce as much as global demand justifies. For now, oil markets are taking in the news and expecting more price pressure. WTI and Brent dropped nearly five percent during intraday trading on January 15. U.S. West Texas Intermediate crude (WTI) lost $3.75, or 6.8 percent, to trade at $50.88, to touch a low of $50.60, also the weakest since October 2017. For the week, Brent was on track for a 11.9

U.S. West Texas Intermediate crude (WTI) lost $3.75, or 6.8 percent, to trade at $50.88, to touch a low of $50.60, also the weakest since October 2017. For the week, Brent was on track for a 11.9

6 Mar 2020 Oil prices sank on Friday as the Street eyed the outcome from the Oil plunges 10% for worst day in more than 5 years after OPEC+ fails to  8 Mar 2020 Oil prices plunged after OPEC's failure to strike a deal with its allies U.S. West Texas Intermediate crude and international benchmark Brent  8 Mar 2020 Oil prices were plunging by nearly 25 percent late Sunday, triggering broader weakened by coronavirus facing a major oversupply of crude. a 10.1 percent drop for U.S. oil on Friday, its biggest loss in over five years. 8 Mar 2020 Oil prices dropped as much as 30% following the unexpected Saudi decision The benchmark Brent crude oil price fell below $34 per barrel. S&P 500 futures hit their limits after tumbling 5%, and the key 10-year Treasury  1 day ago Airlines are on track to cut flights by 75 percent for April and May. Related: Largest Oil Glut In History Could Force Crude Prices Even Lower. 9 Mar 2020 Oil prices plunge as another virus-fueled trading week begins global economy weakened by COVID-19 to be awash in an oversupply of crude. drop for U.S. oil on Friday, which was its biggest loss in more than five years. 9 Mar 2020 The drop was the steepest since prices plunged 35 percent on Jan. The $17-a- barrel drop in crude prices over the past five days would 

8 Mar 2020 NEW YORK (AP) — Oil prices are plunging amid concern a dispute among weakened by COVID-19 to be awash in an oversupply of crude. drop for U.S. oil on Friday, which was its biggest loss in more than five years.

Oil prices sank to multi-year lows on Friday as the outcome from the OPEC+ meeting in Vienna remained uncertain. U.S. West Texas Intermediate crude slid $2.37, or 5%, to $43.52 per barrel. Oil prices dived more than seven per cent Friday on reports that talks between OPEC and Russia over a possible cut in output in response to a coronavirus-fulled slump in demand ended without a deal. Brent North Sea crude tumbled to USD 46.12 per barrel and WTI to USD 42.30, down around 7.5 percent compared with Thursday's closing levels. World oil prices, already slumping on coronavirus fears, extended losses to more than 5.0 percent Friday on reports Russia wants to delay deeper output cuts recommended by its OPEC allies. In London morning deals, Brent North Sea crude dived to $47.02 per barrel, the lowest levels since July 2017. WTI tumbled to $43.28 -- the lowest since late

Crude oil slumped to its lowest since 2016 on Monday as the coronavirus pandemic continued to weigh on global demand amid a price war between OPEC and its allies that's boosting supply.

World oil prices, already slumping on coronavirus fears, extended losses to more than 5.0 percent Friday on reports Russia wants to delay deeper output cuts recommended by its OPEC allies. In London morning deals, Brent North Sea crude dived to $47.02 per barrel, the lowest levels since July 2017. U.S. WTI crude oil suffers its worst one-day loss since June 2017, settling -5% at $70.38/bbl, while Brent crude -6.9% to $73.40/bbl for its worst day in nearly two and a half years. WTI momentarily At 10:53 a.m. EST on Friday, WTI Crude was plunging by 5.92 percent at $44.30, and Brent Crude was down 4.58 percent at $49.36, after falling briefly below $50 earlier today. Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily Saudis did not discount to spite Russia. April contract price $58.50. Friday spot price $45.27. Difference - $13.13 drop. Buyers commit March 10th for April delivery. Oil plunges 5 percent on disappointment with OPEC cuts. Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors The prices shown are in U.S. dollars. The current price of WTI crude oil as of September 13, 2019 is $54.48 per barrel.

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily

At 10:53 a.m. EST on Friday, WTI Crude was plunging by 5.92 percent at $44.30, and Brent Crude was down 4.58 percent at $49.36, after falling briefly below $50 earlier today. Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily Saudis did not discount to spite Russia. April contract price $58.50. Friday spot price $45.27. Difference - $13.13 drop. Buyers commit March 10th for April delivery. Oil plunges 5 percent on disappointment with OPEC cuts. Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors

Oil prices sank to multi-year lows on Friday as the outcome from the OPEC+ meeting in Vienna remained uncertain. U.S. West Texas Intermediate crude slid $2.37, or 5%, to $43.52 per barrel. Oil prices dived more than seven per cent Friday on reports that talks between OPEC and Russia over a possible cut in output in response to a coronavirus-fulled slump in demand ended without a deal. Brent North Sea crude tumbled to USD 46.12 per barrel and WTI to USD 42.30, down around 7.5 percent compared with Thursday's closing levels. World oil prices, already slumping on coronavirus fears, extended losses to more than 5.0 percent Friday on reports Russia wants to delay deeper output cuts recommended by its OPEC allies. In London morning deals, Brent North Sea crude dived to $47.02 per barrel, the lowest levels since July 2017. WTI tumbled to $43.28 -- the lowest since late U.S. WTI crude oil suffers its worst one-day loss since June 2017, settling -5% at $70.38/bbl, while Brent crude -6.9% to $73.40/bbl for its worst day in nearly two and a half years. WTI tumbled to $43.28 — the lowest since late 2018. Prices recovered some of the losses, although Brent was still down 4.4 percent and WTI 4.3 percent lower on its level late Thursday in New York. The sudden plunge Friday came with all eyes on Russia at the gathering of OPEC countries and non-cartel producers in Vienna. At Thursday’s meeting in Vienna, the Organization of the Petroleum Exporting Countries and some non-OPEC producers agreed to extend supply cuts of 1.8 million barrels per day (bpd) until the end of the first quarter of 2018. Brent crude oil LCOc1 settled down $2.50, or 4.6 percent at $51.46 a barrel. Wall Street is finally coming to grips with the idea that the US-China trade war is going to get much worse before it gets better. The DOW fell nearly 300 points today, dragging oil prices down five percent, while China-sensitive stocks took a tumble.