On Monday, U.S. oil prices dropped to a 12-year low.
On Monday, U.S. oil prices dropped to a 12-year low. - 
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There are two main prices of crude oil in the world — Brent and WTI, short for West Texas Intermediate. WTI is the American price and for years it has been sold at a lower price than Brent, but now it has totally caught up.

Marketplace Sustainability Correspondent Scott Tong explains what this tells us about world oil markets.

Produced by Mukta Mohan 

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Follow Adriene Hill at @adrienehill