Oil Prices Experience Biggest Drop in a Year as Oversupply Fears Escalate
March 23, 2017 at 08:53 AM EDT
Since reaching 19-month highs on February 23, U.S. West Texas Intermediate futures have plunged more than 11%, marking their worst retreat in a year.[1] Brent crude, the international futures benchmark, has declined over 9% during the same period.