Oil prices fell for the third day in a row to under $48 a barrel yesterday as supplies continue to increase in the United States and demand growth gets slower in China. This is the lowest that oil prices have been in three months. The inventory levels in the United States have reached their highest amounts in the last six years. US crude oil fell 74 cents to $47.80, its lowest since the middle of February. This is a 20% decline from the $58.28 record high it reached in April. Brent crude dropped 53 cents to $47.81 a barrel. latest ebusiness news
Oil Prices Fall For Third Day In a Row
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