Brent Crude Prices Tumble To A 17-Month Low

Rob Wile

 Jun. 18, 2012

Wikimedia HALJun 18 05:19PM 28.96 Change -0.49 % Change -1.66% BHIJun 18 05:19PM 39.61 Change -0.77 % Change -1.91% BPJun 18 05:19PM 39.52 Change -0.69 % Change -1.72%

Crude keeps getting slammed.

July Brent contracts hit $95.38 earlier today, the lowest since January 26 2011, according to Reuters.

Meanwhile, NYMEX light sweet prices hit $82.20 as the opening market boost from pro-Euro elections in Greece instantly vaporized.

Halliburton and Baker Hughes were each down more than 2 percent, while BP was down 1.5 percent.

Prices have since come up to $83.40.

Natgas prices, meanwhile continued their rally from last week as the market continues to digest Friday's bullish storage news.