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, ...
The US Department of Energy’s (DoE) emergency petroleum supply will be filled to the brim, Trump said at the White House Coronavirus Task Force briefing on Monday. “We are filling up our national petroleum reserves. We are looking to put as much as 75 million barrels into the reserves themselves,” ...