Oil prices dropped to a 6 month low today as investors continued to worry about sluggish energy demand. Front-month prices for Brent began trading this week at a discount to prices in a half year for the first time since June, a signal that traders believe the market may have become oversupplied. “With the largest global importer of oil (China) shuttering its thirst for crude, pressure remains on prices as the largest producer, the United States, continues with headline output,” said PVM Oil analyst John Evans. The market has continued to trade down to the tune of 10% since OPEC+ announced its latest round of production cuts. WTI traded down $.04  to close at $69.34. Brent traded down $.25 to close at $74.05.

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