Skip to content

U.S. Oil Drops 46% for Year

The Wall St. Journal reports that “oil futures closed the year at more-than five-year lows, as plentiful supplies and tepid demand continued to send prices plunging.”  

“Brent crude oil and gasoline futures both posted 48% losses in 2014, making them the worst performers among the 22 commodity markets tracked by the Bloomberg Commodity Index.”  

“U.S. oil futures dropped 46% in the year.”  

“Oil, gasoline and diesel markets all posted their largest annual losses since the global recession in 2008.”

Recent Stories

Latest Biden, Harris pitch to Black voters slams Trump in crucial battleground

House Ethics forms subpanel to probe Cuellar’s alleged bribery scheme

Alito rejects requests to step aside from Trump-related cases

Capitol Ink | Aerial assault

Auto parts suppliers fear a crash with shift to EVs

As summer interns descend on the Hill, this resource office is ready