Category Energy

Oil Prices Tumble to Lowest Level Since 2021

Oil Prices Tumble to Lowest Level Since 2021

Oil prices trumble as on Tuesday to their lowest point since 2021. U.S. benchmark West Texas Intermediate is now trading at about $55 per barrel, according to Media’s tracker. That’s a massive difference drop from earlier in the week when…

Oil Markets Frozen: CME Crash Halts WTI Trading

Oil Markets Frozen: CME Crash Halts WTI Trading

Brent crude oil stayed flat on Friday as traders kept one eye on Russia-Ukraine peace talks and another on Sunday’s OPEC+ meeting. The big story? U.S. WTI crude futures completely froze when CME Group suffered a massive system outage at…