Wednesday, 13 Nov 2019

For the first time … US crude futures are falling below $ 50

BAGHDAD, The price of West Texas Intermediate (WTI) fell below $ 50 for the first time since October 2017, while markets are concerned about oversupply for weeks.

The price of a barrel for January delivery $ 49.81 in e-transactions in the New York market at 10.15 GMT.

It fell to $ 49.41 at 0840 GMT, its lowest level in nearly 14 months.

Source: National Iraqi News Agency

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