Oil prices are sliding even further in early trading, with the commodity stumbling for the fifth consecutive day. Brent crude fell 90 cents, or 1%, to $81.92, its lowest value since 2010. While West Texas Intermediate (WTI) crude dropped to $76.59, down 70 cents from yesterday. It was its lowest reading since September 2011. However, it fought back on Wednesday and is now trading at $76.94 The FT reports that both Brent and WTI prices are down 29% from their peak in June this year, when the advance of ISIS had threatened to sink production in Iraq. The …read more
Source: Business Insider
