WTI falls most in 15 years as Saudi Arabia increases exports

Source: Bloomberg
West Texas Intermediate crude decreased on Monday extending its longest losing streak in almost fifteen years after a report showed that Saudi Arabia increased its oil exports the most in eight years. WTI for delivery in December slid 46 cents to $9.38 a barrel on the NYMEX and traded at $93.52 as of 3:45 p.m. in Singapore, after it jumped 8 cents to $93.84 on November 15.

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