U.S. crude oil falls below $70 a barrel, closing at the lowest level since June

Petróleo estadounidense cae por debajo de los $70

El petróleo estadounidense registró una caída del 4%, a menos de $70, el miércoles, marcando su punto más bajo desde finales de junio.  Al mismo tiempo, los precios de la gasolina caen a su nivel más bajo desde principios de año. Esta caída coincide con el inicio de la temporada de compras y viajes navideños. El West Texas Intermediate para enero experimentó un descenso de $2,94, lo que representa una caída del 4,07%, y se situó en $69,38 el bar…

Oil Prices Crash Below $70: Gas Going Cheap at $3 a Gallon?

The oil market experienced a significant sell-off on Wednesday, with U.S. crude prices dropping below $70 a barrel for the first time since July, signaling a potential decrease in gas prices, reports CNN. This development could lead to more affordable gas for consumers, with predictions suggesting a possible drop to around $3 a gallon nationally. Such a decrease would bring much-needed relief, considering gas prices hit a low of $3.10 a gallon l…

US crude oil falls below $70, the lowest since June

Oil prices fell nearly 4% on Wednesday to their lowest settlements since June, as worries about global fuel demand mounted after U.S. data showed a larger-than-expected rise in gasoline inventories. Brent crude futures settled down $2.90, or 3.8%, at $74.30 a barrel. U.S. WTI crude futures fell by $2.94, or 4.1%, to $69.38 a barrel. "There is demand destruction coming in from the fuel side," said Dennis Kissler, senior vice president of trading …

Oil prices fall below $70 for 1st time since July - ABC Columbia

(CNN)– U.S. crude oil prices tumbled below $70 a barrel for the first time since July. Consumers could possibly see gas prices fall even more. Today the national average price for regular gas dipped to $3.22 a gallon according to AAA. That’s an 11-month low. Here in South Carolina, the average price for gas is $2.93 a gallon. Analysts are contributing the oil selloff to concerns about soft demand from China and record-setting supply from the U.S…

S&P/TSX composite down more than 100 points as oil drops below US$70 a barrel

TORONTO — Canada's main stock index was down more than 100 points on Wednesday, dragged lower by losses in energy as oil sank below US$70 a barrel, while U.S. markets were also down. The S&P/TSX composite index closed down 101.

U.S. oil futures fall a fifth session to settle at lowest since late June

Oil futures fell for a fifth straight session Wednesday, leading U.S. prices to settle below $70 a barrel for the first time in more than five months. “The...