Oil prices plunge as Saudi Arabia cuts global prices

국제유가, 사우디 가격 인하에 급락 WTI 4.1%↓

Saudi Arabia’s decision to cut crude oil prices for all regions for February has led to a plunge in oil prices on Monday.
Prices of West Texas Intermediate dropped over 4 percent,.. while Brent crude oil –the international benchmark –slid 3-point-4 percent.
This decline in W-T-I prices is the biggest drop seen since November last year.
According to a Reuters report, this is a sign that lower demand is offsetting rising geopolitical tensions in the Middle East which contributed to a 2-percent climb in prices last week.

#economy #Oil_prices #SaudiArabia #crude_oil #West_Texas_Intermediate #WTI #국제유가 #경제 #Arirang_News #아리랑뉴스

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2024-01-09, 12:00 (KST)

Saudi Arabia’s decision to cut crude oil prices for all regions for February has led to a Plunge in oil prices on Monday price of West Texas intermediate dropped over 4% while brand crude oil the international Benchmark slid 3.4% this decline in WTI prices is the biggest drop seen since November last

Year according to a ruter report this is a sign that lower demand is up setting Rising geopolitical tensions in the Middle East which contribute to a 2% climb in prices last week