COVID-19 Causes Oil Prices to Tank

Tuesday, March 31, 2020

 

The Coronavirus pandemic has caused oils prices to suffer. Oil prices are also tanking as a demand collapses and the price war between Saudi Arabia and Russia continues. As of today, Brent Crude, the world's benchmark, is hovering around $26 barrel, which is a low that hasn't been seen in almost two decades.

 

U.S. is trading oil at $20.27, that’s down nearly 6%.

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