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World Oil Prices Plunge Again to Multi-year Lows

Global oil prices are plunging to new multiyear lows after Saudi Arabia said it would cut its export price for American customers to try to compete with burgeoning oil production in the United States. The price for West Texas Intermediate oil drilled in the U.S. dropped Tuesday to as low as $75.84 a barrel, its lowest point in three years and down from $100 a barrel in July. Brent crude, drilled in the North Sea, fell to $82.08, a four-year low. Riyadh triggered the global price...

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