Barreling down past $17: Brent crude continues its free-fall, crashing to lowest point since 2001 ...United Arab Emirates

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Barreling down past $17: Brent crude continues its free-fall, crashing to lowest point since 2001
source : Russia Today ( United Arab Emirates ) () 83
Brent crude oil has extended its price plunge, falling to just below $17 per barrel, a level not seen in nearly 20 years. The decline comes as WTI crude slowly recovers after sinking into negative territory earlier this week. Brent plummeted to as low as $16.76 per barrel early on Wednesday morning, dipping by more than 13 percent, according to charts provided by OilPrice.com. The benchmark has not plumbed such depths since 2001, when the 9/11 terrorist attacks decimated air travel demand the world over, bringing Brent prices down along with it. The US benchmark, West Texas Intermediate (WTI) crude, continued to lag on Tuesday, settlin

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