Oil sinks below $US20 a barrel
Slumping demand overrides a price war as main factor.
NBR staff
Tue, 31 Mar 2020
The price of crude oil dropped overnight below $US20 as shutdown measures against the Covid-19 virus slashed demand.
West Texas Intermediate touched $US19.85 a barrel before gaining back above $US20, while Brent crude hit $US22.58, its lowest since 2002.
In a research note Goldman Sachs
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NBR staff
Tue, 31 Mar 2020
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