West Texas Intermediate crude oil futures, the US benchmark, slid 2.7% on Monday to trade close to $74 a barrel, a level last reached in December 2021. Futures for Brent crude, the global benchmark, dropped 2.9% to trade close to $81 a barrel. That’s its lowest level since January. Global oil prices have fallen about 35% since June as strict coronavirus restrictions in China have kept demand weak, and as some of the world’s major economies have signaled they are heading toward a recession.
group of major oil producers slashing production by 2 million barrels per day starting this month, its biggest cut since the start of the pandemic. is due to meet again on Sunday. Falling fuel prices have spelled relief for millions of households and businesses worldwide who’ve struggled to pay soaring energy bills since Russia invaded Ukraine in late February. Russian price cap looms But markets remain jittery as the West tries to agree a price cap on Russian oil. Major developed economies are wrangling over the level of the cap, which is intended to limit Moscow’s revenues without seriously disrupting global oil supply.
Just a reminder of a month before Biden took office!
Why am I still paying over five?
That's like saying we're only getting stabbed a little since December 2021. EnemyOfThePeople
Talk to me when it’s back in the $2 mark! When will food prices drop? When will the recession end? When will they find the $20B missing from Ukrainian aid? Where’s Hunter laptop 🤣
Highlights the fact that oil is a commodity and speculation (China) impacts prices.
They are still at record levels Biden would reverse all the crap he did on day one with the war on oil and fuel to push his electric car agenda gas would be almost a Dollar by now.
Still way higher than when President Trump left office Thank joerons policies.
After rising 200% You make it sound like Biden is actually helping. Get it dow n to 2.29 without depleting our oil supplies and then pop the cork bottle.
Still higher than trump oil
Acosta Now show two years ago!
If that is true then why are gas prices still so high
Oil prices are largely artificial... and that is big problem
Do you know when it was even cheaper than that? EVERY month prior, back to Trump's term.
The most it's fallen all year I believe . It's almost like getting $7 dollars back from the $100 Joe Biden lost in the first place. Funny how they take credit when gas goes down but it's Putin or Trumps fault and not Bidens energy policies when it goes up.
In the last 15 days, from November 13, and amid the revolutionary protests ('MahsaAmini' revolutionary movement) of Iran, at least 15 Baloch people have been executed by the Islamic Republic regime,.. Qatar2022 IRNUSA
AbdulNabi Mazarzehi MuhammadAmin Omarzehi Abdullah Salahzehi Changiz Gorgij Zobeir Barahuii MuhammadOmar khameh Mohamad Eisazehi Niaz jadgal Vali rudini ImamBakhsh Narui Mohsen Anshini MuhammadNabi Soleimani Abdullah Sufi Esmaeil Faghirdadzehi Amin Ayil Qatar2022 IRNUSA
Islamic Republic is in the process of executing hundreds of Sistan and Baluchestan citizens without even notifying their families It is against basic human rights Qatar2022 IRNUSA ……. MahsaAmini
Many people of Balochistan are not literate due to discrimination and deprivation, and the Islamic Republic exploits this issue to make a case and call them terrorists. Every day many innocent people are executed in Balochistan and this is a genocide! MahsaAmini
In the absence(silence) of media we are witnessing a genocide in Sistan and Baluchestan. To this date at least 136 Baluch citizens have been executed Qatar2022 IRNUSA MahsaAmini
AbdulNabi Mazarzehi MuhammadAmin Omarzehi Abdullah Salahzehi Changiz Gorgij Zobeir Barahuii MuhammadOmar khameh Mohamad Eisazehi Niaz jadgal Vali rudini ImamBakhsh Narui Mohsen Anshini MuhammadNabi Soleimani Abdullah Sufi Esmaeil Faghirdadzehi Amin Ayil Qatar2022 IRNUSA
Islamic Republic is in the process of executing hundreds of Sistan and Baluchestan citizens without even notifying their families It is against basic human rights Qatar2022 IRNUSA