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Falling oil prices

2020-08-20T10:55:14.503Z


London-SANA Oil prices fell today after producers warned of a threat to recover demand if the Coronavirus crisis continues


London-Sana

Oil prices fell today after producers warned of a threat to recover demand if the Coronavirus crisis continues for a long time.

According to Reuters, Brent crude fell 34 cents, or 0.8 percent, to $ 45.03 a barrel, while US crude fell 36 cents, or 0.8 percent, to $ 42.57 a barrel.

The demand for fuel fell 14 percent compared to the same period last year over the past four weeks, according to yesterday's data from the US Energy Information Administration, which reported that crude oil inventories in the United States fell for the fourth week in a row.

Source: sena

All business articles on 2020-08-20

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