(The Hill) — Oil prices on Tuesday dropped to their lowest point since 2021.
U.S. benchmark West Texas Intermediate (WTI) was trading at about $55 per barrel, according to Business Insider’s tracker. That’s down from even earlier in the week when prices were as high as $58 per barrel.
The last time that prices were this low was in early 2021, when oil demand was still low due to COVID-19 lockdowns…