Can lower gas prices last?

0 4

The selloff that dragged crude prices to near their lowest levels in four months has left many oil drillers, energy traders and fuel producers with the same question: What will OPEC do?

The US crude benchmark has posted three weekly losses in a row, falling as much as 20% below its September peak, before settling on Friday at $77.17 a barrel. However, the market is showing signs that some traders are promising that the decline will continue.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Leave A Reply

Your email address will not be published.