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As Seen on TV

Crude oil prices drop to lowest price since May

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Published 7:58 AM

(KYMA, KECY/ CNN) - On Monday, Triple-A reported that the price of crude oil went down $5 per barrel, closing out at roughly $62 per barrel.

That decrease makes crude oil dropping to its lowest level since May. This coming amid a decline in demand and a drop in the national average price for gasoline.

Investors fear that demand for crude oil will go down as Covid-19 infections around the world go up, which is bad news for oil investors but could spell good news for motorists driving gas prices lower.

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Cole Johnson

Cole Johnson is News 11’s Sports Director.

Contact Cole at cole.johnson@kecytv.com.

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