Oil prices fall to another low
Saudi Arabia has benefited from high oil prices this year, though prices appear to be falling somewhat on the back of production increases.
Oil prices fell to another low today.
The price of Brent crude oil fell to $91.51 a barrel at one point Wednesday, which was the lowest point since February. It later rose to above $93 a barrel later in the day, according to market data.
Brent crude is considered the benchmark for global oil prices.
Why it matters: Oil prices have been decreasing somewhat as of late. The price of Brent crude fell below $94 a barrel last week, which was also a monthslong low.
