Oil prices fell further on Monday after Brent crude last week took its steepest slide since April on mounting concerns new lockdowns to slow the spread of coronavirus will hit demand for fuels.
Oil prices fell further on Monday after Brent crude last week took its steepest slide since April on mounting concerns new lockdowns to slow the spread of coronavirus will hit demand for fuels. Brent, the international benchmark, dropped as much as 4.6 per cent to $35.74 a barrel on Monday, hitting the lowest level since May as economists downgraded their European growth forecasts in response to lockdowns throughout the eurozone. West Texas Intermediate, the US marker, was down as much as 6 per cent to $33.64. Read more…..
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Oil prices collapse below zero in coronavirus crisis – what happens now?
