Oil plunges to new 2018 lows on supply concerns

11:04 AM 18 December 2018

Oil is experiencing significant downward pressure today. Despite the fact that major oil producers agreed on reducing output in 2019, the reports surfaced yesterday saying that Russian December’s production reached 11.43 million barrels per day, a new record in this country. Both Brent (OIL) and WTI (OIL.WTI) are trading nearly 3% lower today.

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Oil plunges to new 2018 lows on supply concerns

Market News

Meta's Earnings Phenomenon: Absolute Growth Exceeds All Expectations

Microsoft Delivers Record Revenue Amid Robust Performance

Daily summary: Fed keeps rates unchanged, but Powell remains hawkish

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