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<Commodity>NY Oil Futures Sink Below US$55, Lowest Since Early 2021
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Oil prices slumped further on Tuesday, as traders weighed the oversupply of crude oil and the potential peace agreement in Ukraine. Prices of US crude oil and Brent crude oil have sagged over 20% so far this year. New York oil futures for January delivery once busted below the US$55 level, last dropping US$1.3 or 2.3%, to US$55.5, marking the trough since February 3, 2021. Brent oil futures for February delivery fell US$1.4 or 2.4%, to US$59.1. AASTOCKS Financial News Website: www.aastocks.com |
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