Tag

Brent crude, the global benchmark, fell about 50 per cent last year and dropped 2.1 per cent on Friday to $52.21 a barrel on the London-based ICE Futures Europe exchange. Oil companies in the U.S. have made an unprecedented cutback in drilling after prices slumped to a six-year...

West Texas Intermediate for September delivery fell 95 cents US, or 2 per cent, to US$47.57 a barrel at 12:41 p.m. on the New York Mercantile Exchange.