The Hill: U.S. oil prices hit new low

The U.K. and France are the only nations still buying oil at prices above $100 per barrel, the Energy Information Administration reported Thursday.

The drop is in sharp contrast to the broader market where oil prices are currently trading at about $100.

But the EIA said that the drop is due to “significant capital spending” in the U.N. and oil companies in Saudi Arabia, Iraq, Libya, and elsewhere.

That “has made the U, S., and U.P. more expensive than they have been in decades,” EIA economist John Van Reenen wrote.

“With oil prices trending lower and the OPEC cartel increasingly isolated, this is the most significant price decline since the early 1990s.”

The EIA report came as the U!

oil prices have reached their lowest point in four years.

On Wednesday, Brent crude oil was trading at around $100 a barrel.

The EIA noted that prices for U. S. crude oil have dropped in recent days because of a glut of supplies.

U.s. crude prices fell below $100 in mid-January.

The last time Brent crude prices were this low was in June 2005.

Brent crude is a major ingredient in gasoline and diesel fuels and is also used as a fuel in cars.

The EI reported that the EAA’s Oil Supply and Demand Index has fallen below the U.$100 level for the first time since November 2008.

The index measures the amount of supply in the market and the price of the commodity.

Brent, which is currently trading near $105, has been trading above that level for nearly a month.

The current price is below the EI’s current level of $90.

Oil companies have been investing billions of dollars in the Middle East in recent years as the region’s production has been declining.

Oil prices have remained high in the region, even as U.k. producers have been pumping oil.