Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield a deal resulting in more oil supply. At the time of writing, Brent crude was trading at $66.24 per barrel, with West Texas Intermediate at $63.43 per barrel
The United Arab Emirates’ Mubadala Investment Co. has completed a transaction with Kimmeridge Energy Management Co. LLC to acquire a 24.1 percent stake in the United States asset manager’s SoTex HoldCo LLC.
Curious Minds Corner
Where was Asia’s first successful oil well drilled and when?