Oil Hits New Low of the Year at $55 a Barrel
3:53
Bloomberg.com
Oil Hits New Low of the Year at $55 a Barrel
West Texas Intermediate oil fell below $55 a barrel for the first time since February 2021 on signs that supply is outpacing demand. Mike McGlone of Bloomberg Intelligence says oil could drop to $40 next year. He's on "Balance of Power." (Source: Bloomberg)
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