By CBC News, July 22, 2016
Production disruptions from earlier in year have eased, flooding market with crude again
Crude oil dipped below $44 US a barrel on Friday, extending a 1½-month decline and bringing it to its lowest level since mid-April.
The benchmark West Texas Intermediate futures contract traded as low as $43.74 US on Friday, down a dollar from Thursday’s close, before inching back up to $44.19 by mid-afternoon. It hasn’t been below $44 since April 20.
