Brent crude plunged more than 12% to below $17 a barrel Wednesday while US oil erased early gains and fell, as the coronavirus strangles demand and ravages energy markets, while storage facilities approach full capacity. In another day of volatile trading, US benchmark WTI surged in early Asian deals while ...
The price of WTI (West Texas Intermediate) crude oil for June delivery has dropped below $7 per barrel due to weak demand amid continued restrictive measures aimed at containing the COVID-19 pandemic. As of 18:08 GMT, June futures for WTI crude were trading down 51.1 percent at $9.99 per barrel, ...
