Brent Crude Prices Tumble To A 17-Month Low


Photo: Wikimedia

Crude keeps getting slammed.July Brent contracts hit $95.38 earlier today, the lowest since January 26 2011, according to Reuters.

Meanwhile, NYMEX light sweet prices hit $82.20 as the opening market boost from pro-Euro elections in Greece instantly vaporized.

Halliburton and Baker Hughes were each down more than 2 per cent, while BP was down 1.5 per cent.

Prices have since come up to $83.40.

Natgas prices, meanwhile continued their rally from last week as the market continues to digest Friday’s bullish storage news.   

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.