Oil Prices Hit Lowest Point in Almost Five Years
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Current Oil Prices: U.S. crude prices have fallen to $56.99 a barrel, marking a 2.2% decrease in one day and a 19% drop from the previous year, the lowest since February 2021.
Global Economic Concerns: The decline in oil prices is attributed to a surplus in oil supply and fears of a global economic slowdown, with Brent crude also experiencing a drop to $61.06 a barrel, the lowest since May.
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About CBK
Commercial Bancgroup, Inc. is a bank holding company that operates primarily through its wholly owned subsidiary, Commercial Bank. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee. It has four loan portfolio segments: real estate (which is divided into four classes), commercial, consumer, and other. Classes within the real estate portfolio segment include commercial real estate (CRE), construction and land development (C&D), residential, and others. Its loan clients primarily consist of small to medium-sized businesses, the owners and operators of these businesses, as well as other professionals, entrepreneurs and high net worth individuals. Its primary service areas in Tennessee are the Nashville MSA; the Knoxville MSA; the Tri-Cities MSA, and Claiborne County, Cocke County, Union County, and Hamblen County.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
