In search of a floor

摘要

Crude markets fell further, as Saudi Arabia’s neighbours scrambled to cut prices to preserve market share. Atlantic basin benchmark North Sea Dated dropped by $5.05/bl to $63.54/bl in the week to 11 December. It dipped, midweek, to $63.13/bl, its lowest since July 2009. US light sweet marker January WTI fell by $6.86/bl to $59.95/bl.