Crude prices hit new low for the year

The December contract for benchmark US light, sweet crudes plunged to $56.26/bbl, the lowest close for a front-month contract since Nov. 18, 2005, on the New York Mercantile Exchange after the Energy Information Administration reported the injection of 5 bcf of gas into US underground storage during the week ended Nov. 10.

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

Subscribe

More in Refining