U.S. Crude Falls to Six-Year Low
The price of U.S. crude oil fell to a six-year low on Monday, below $43 as inventories rose.
In addition, some analysts are anticipated a potential nuclear deal with Tehran, which in turn would suggest even more supply flowing into world markets.
As for the specifics, U.S. crude fell to $42.85, its lowest level since March 12, 2009. On the transportation front, many anticipate that the price at the pump should follow suit.
We will see.
Category: Fuel & Oil, General Update
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