US WTI notches a new low for current price rout; UK Brent dips.

摘要

Oil futures prices fell during the week to Jan. 23, proving that there was more room to slide following the previous week's upticks, with US West Texas Intermediate (WTI) settling at its lowest point so far during the current oil price plunge mat began seven months earlier. UK Brent benchmark prices fell on Monday, while the US WTI benchmark declined on Tuesday, its first trading day of the week, as the US market was closed on Monday for the Martin Luther King Jr. holiday. The oil complex remained pressured by global supply outstripping demand, and more bearish weight was put on the market after Iraq reported that its crude output hit a record high in Dec. of 4MM b/d.