Slight drops in crude oil prices were recorded Wednesday, leaving crude at nearly a two-week low following about a 7% drop in this week’s trading.
The slide followed forecasts for small oil demand growth and speculation whether Israel will or will not attack Iran’s oil and gas industry.
West Texas Intermediate crude tumbled 19 cents Wednesday or 0.3% and closed at $70.39 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude slipped 3 cents and settled at $74.22 a barrel.
It was the lowest levels for both benchmarks since Oct. 2 for a second consecutive day.
Oklahoma energy stocks recorded gains in Wednesday’s trading. Most had moderate gains with the exception of Canoo with a 4.50% increase for the day. Otherwise, gains were 1% to 2% for other energy related firms.
