# Oil prices hit seven-month lows on global oversupply

**URL:** <https://forum.gcaptain.com/t/oil-prices-hit-seven-month-lows-on-global-oversupply/45171>\
**Category:** Offshore\
**Created:** [June 20, 2017, 3:12pm UTC](https://forum.gcaptain.com/t/oil-prices-hit-seven-month-lows-on-global-oversupply/45171 "2017-06-20T15:12:31Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![c.captain](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/c.captain/32/807_2.png) [@c.captain](https://forum.gcaptain.com/u/c.captain)\
**Post date:** [June 20, 2017, 3:12pm UTC](https://forum.gcaptain.com/t/oil-prices-hit-seven-month-lows-on-global-oversupply/45171/1 "2017-06-20T15:12:31Z")

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looks like this ship just can’t float for long before it sinks again

> **[U.S. crude ends at nine-month lows on global oversupply](https://www.reuters.com/article/us-global-oil-idUSKBN19B01W)**
>
> Oil fell about 2 percent on Tuesday, with Brent settling at seven-month lows and U.S. crude at its cheapest level since September, after increased supply from several key producers overshadowed high compliance by OPEC and non-OPEC oil producers with...

rapidly coming up on three years since crude hit its last high water mark with no appearance there will be any sustained increase in oil prices

when will the first major GoM companies crash, burn and end up liquidated? Are Gulfmark and Tidewater still operating? I know both are in bankruptcy