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News & Press: Industry News

Low Demand, Increased Supply Conspire To Push Crude Prices Lower

Tuesday, September 16, 2014  
Posted by: Alisa Allen

The price of Brent crude oil dropped to below $97 a barrel on Sept. 15, its lowest in 26 months, depressed by both a continuing oil glut and lower demand. This follows the previous week’s drop of U.S. crude to a 16-month low.

http://oilprice.com/Energy/Oil-Prices/Low-Demand-Increased-Supply-Conspire-To-Push-Crude-Prices-Lower.html


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