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Oil: minimum 17 years, on 20 dlr threshold

2020-03-30T06:42:43.079Z


Oil sinks to the lows of the past 17 years ending, albeit briefly, below the $ 20 a barrel threshold as the Coronavirus emergency expands worldwide. (HANDLE)


(ANSA) - ROME, MARCH 30 - Oil sinks to the lows of the past 17 years ending, albeit briefly, under the $ 20 a barrel threshold with the expansion of the Coronavirus emergency in the world. Texas WTI crude oil is now trading at 20.7 dollars with a 3.63% drop, affected both by the collapse of consumption due to the paralysis of the world economy and by the price war between Russia and Saudi Arabia. Brent also fell -5.6% to 23.53 dollars.

Source: ansa

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