Friday, November 22
Shadow

Oil prices sink to 20-year low as UN sounds alarm on Covid-19 relief fund

by admin

Oil prices sink to 20-year low as UN sounds alarm on Covid-19 relief fund

US crude dipped below $15 as Trump battled states over economy and UN warned it has only a quarter of its requested coronavirus funding

  • Coronavirus – latest updates
  • See all our coronavirus coverage

Oil prices have slumped to their lowest for two decades as doubts grew about Donald Trump’s hopes of ending the US lockdown and investors braced for a week of potentially damaging figures about the impact of the coronavirus on the world economy.

The price of US crude oil plunged almost 20%, to below $15, in early trading on Monday – its lowest point since 1999 – as stockpiles continued to build owing to a crash in demand caused by the Covid-19 pandemic.

Continue reading…

Go to Source

Related posts:

  1. So how come they never have to sell off the cheap gas first when oil prices rise..? And even now, when oil tankers are stranded at sea due to low demand, gas prices in my country are still not a single cent lower
  2. Netflix Donates A Further $773,000 To Second Freelance COVID-19 Relief Fund
  3. Covid: Canada sounds the alarm as cases overtake US
  4. Coronavirus: Oil price at 18-year low as turmoil persists
  5. Stock futures, oil prices plunge after Trump tests positive for COVID-19 | New York Post

Terms and Conditions - Privacy Policy