COVID-19 Causes Oil Prices to Tank
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%.