Oil prices are at their lowest levels since the spring of 2021. At Thursday’s close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last time oil dropped below $60 a barrel was in early April 2021.
Shell Plc stood out from its peers by sticking to plans for investor returns and capital spending even as oil prices entered what could be a prolonged downturn.
Curious Minds Corner
Besides fuel, what surprising everyday item is made with petroleum?
Chewing gum often contains food-grade petroleum waxes or polymers derived from oil.