25 days ago • Posted by Martin Boujol
US oil prices see their biggest drop in 6 months
The US benchmark, West Texas Intermediate, closed down 7.1%, at $60, its biggest price drop in the last 6 months. This puts an end to the unbroken rally that has been going on for the past year. The reason seems to be a flagging demand in both China and the US that sent a chilling wind throughout markets.