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ELK PETROLEUM LIMITED (ASX:ELK) - Oil hits fresh five-and-a-half-year lows, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
ELK 0.00% 1.4¢ elk petroleum limited

Oil hits fresh five-and-a-half-year lows

  1. 3,237 Posts.
    Oil hits fresh five-and-a-half-year lows
    Jan 5 2015, 01:44 ET | By: Yoel Minkoff, SA News Editor

    • Extending the drop from its lowest close since 2009, oil is again on the decline. Record Russian production and the highest Iraqi exports since 1980 are adding to the concerns of oversupply.
    • Brent crude is down 1.5% at $55.58/bbl. WTI is down 2% at $51.64.
    • The two oil benchmarks have now lost more than half of their value from peaks hit in mid-2014.
 
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