Oil Prices Plunge By 4 Percent
finance Wochit Business
According to Reuters, oil prices plunged about 4-percent after a report showed US inventories rose for a second consecutive week. On June 12th, the price for crude futures fell about 4-percent each, with West Texas Intermediate leading losses. The price for West Texas Intermediate crude futures plummeted by 4-percent, shedding $2.13 off the price, bringing a barrel to $51.14. Brent crude futures fell 3.7-percent on the day, wiping $2.32 off the price, bringing a barrel to $59.97.