Crude oil prices declined today after the end of the Trump-Zelensky talks on Monday, in anticipation of trilateral talks that could result in a peace deal. At the time of writing, Brent crude was trading at $66.20 per barrel and West Texas Intermediate was changing hands for $62.95 per barrel.
Over the Fourth of July, deadly floods swept across central Texas, disrupting infrastructure and causing widespread outages. Meanwhile, the Electric Reliability Council of Texas (ERCOT) has already seen multiple price spikes and conservation alerts — not because there wasn’t enough power, but because we couldn’t move it where it was needed.
Curious Minds Corner
How many litres are there in a standard barrel of oil?