US crude falls below $55 per barrel, lowest level since 2021
Oil prices drop amid progress in Ukraine talks and expectations of oversupply, pushing West Texas Intermediate below $55 for the first time in nearly five years.
| Sector | Pétrole |
|---|---|
| Theme | Marchés & Finance, Prix |
The price of US crude oil fell on Tuesday to a level not seen since February 2021, briefly slipping below the $55 mark. The barrel of West Texas Intermediate (WTI) for January delivery reached $54.98 during the session before slightly rebounding to $55.32, a 2.64% decline. This drop marks a significant shift for markets, faced with a combination of easing geopolitical tensions and oversupply expectations.
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