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Monday, April 20, 2020

US oil market collapses with WTI dropping below $0 a barrel

US oil market collapses with WTI dropping below $0 a barrel West Texas Intermediate (WTI) oil prices collapsed by almost 100%  and have gone negative in a record low for the US benchmark. Vanishing demand and a glut of supply have combined to heavily impact the US benchmark fuel, with prices dropping from $18.27 to close at -$37.63 a barrel on Monday – down over 300 percent from the […] - eTurboNews | Trends | Travel News
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