Oil & Gas Journal: The Brent crude oil contract for September delivery plunged by nearly $3.50/bbl on the London market July 16 while light, sweet crude oil prices dipped nearly $3/bbl to the lowest level in 3 weeks on the New York market.
US President Donald Trump met with Russian President Vladimir Putin in Helsinki, prompting a steady decline in oil prices July 16.
Some traders cited the potential for Russia to increase production beyond its latest agreement with the Organization of Petroleum Exporting Countries. But other analysts said the speculation did not warrant extreme crude oil moves.
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Nowi360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Now