Sunday, June 20, 2021
Home International US oil prices hit record low, falls below $0/barrel

US oil prices hit record low, falls below $0/barrel

The US crude oil futures collapsed below $0 on Monday for the first time in history, amidst the coronavirus pandemic. The price of America’s most closely watched oil crashed to as low as minus $37.63 a barrel. Brent Crude, the international benchmark, also slumped, but that contract was nowhere near as weak because more storage is available worldwide. According to Reuters, the US West Texas Intermediate (WTI) contract fell from $17.37, or 99 percent, to $0.15 a barrel after touching an all-time low of $2.26.

Read More – Hindustan Times | ABP Live | CNBC | NDTV

50% LikesVS
50% Dislikes

News Verification For Headline Auditors

If this seems like a news that is relevant to your industry. Would you like to verify the authenticity of the news?
Please Enter your Secret Key

We are building a board of industry expert to help us verify important news stories. If you would like to empanel yourself, please click here.

Report Post

Akshay Washindkar
23, Aspiring Actor, Screenplay Writer, Filmmaker, Content Writer @Headline English.

TRENDING NEWS

LATEST NEWS