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