Oil markets continue to react strongly to the perception of a glut. Nymex light sweet crude for January delivery dropped to $14.95/bbl Dec. 1 from $15.48/bbl the day prior, inched up 2cts/bbl Dec. 2, then dropped 40cts to $14.57/bbl Dec. 3. That's the lowest since Nymex WTI next month delivery closed at $13.97/bbl Nov. 23, 1988.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive


More in Companies