WTI Oil Prices End Near a 13-year Low

By Markets MarketWatch Pulse

Oil futures settled at their lowest level in almost 13 years Thursday as expectations for weaker demand and a bigger glut of supplies pulled prices back below $27 a barrel. March West Texas Intermediate crude lost $1.24, or 4.5%, to settle at $26.21 a barrel on the New York Mercantile Exchange. That was the lowest settlement since early May 2003.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.