Crude oil prices fell again

Crude oil prices fell again

NEW YORK (Web Desk) - Concerns about global crude oil reserves and declining oil demand have pushed oil prices down again.

US West Texas Intermediate (WTI) oil fell 13 percent to 11. 11.12 a barrel, 6.66 to 64 10.64 a barrel, according to a foreign news agency. Brent crude fell 4.5 percent to .0 19.09 a barrel or 90 cents. After that it was .8 18.85 per barrel.

Experts say the decrease in WTIs is due to investors looking to sell carjoon contracts and buy contracts from later months to avoid major losses.