WTI falls below $30 per barrel for the first time in 12 years
The price of a barrel of West Texas Intermediate crude oil fell below the $30 mark for the first time since 2003 this week. Continued concerns over China’s market are curbing demand expectations as the global oil glut persists. WTI was trading at $29.45 at 2:15 EST today.

More crude may soon be added to the glut as well, with Iran hoping to increase oil exports in the near future after sanctions surrounding its nuclear problem have been lifted. With both the supply and demand sid...


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