Brent plunges to its lowest level since 2002

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Corona pandemic At least 20 percent in demand for fuel is falling around the world, as governments take steps to restrict proliferation The virus.

Brent contracts to the close of the trading session ended at a low of $ 2.17, or 8.7 percent, to settle at the settlement of $ 33.76 a barrel, its lowest closing level since November 2002.

US benchmark West Texas Intermediate crude contracts fell 1.42 dollars, or 6.6 percent, to 20.09 dollars, the lowest close since February 2002.

Analysts said that The price of oil It is currently very low, which makes the continuation of the work of many companies unprofitable. Producers whose costs of production will rise will have no choice but to stop production, especially given that warehouse warehouses are almost full capacity.

Bank analysts said Goldman Sachs The demand from passenger and airline traffic, which accounts for around 16 million barrels per day of global consumption, may never return to previous levels.

On the other hand, the American president agreed Donald Trump And his Russian counterpart Vladimir Putin, During a phone conversation today, with senior energy officials of the two countries meeting to discuss the sharp drop in Oil markets Globalism.

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It is expected to cause Corona pandemic At least 20 percent in demand for fuel is falling around the world, as governments take steps to restrict proliferation The virus.

Brent contracts to the close of the trading session ended at a low of $ 2.17, or 8.7 percent, to settle at the settlement of $ 33.76 a barrel, its lowest closing level since November 2002.

US benchmark West Texas Intermediate crude contracts fell 1.42 dollars, or 6.6 percent, to 20.09 dollars, the lowest close since February 2002.

Analysts said that The price of oil It is currently very low, which makes the continuation of the work of many companies unprofitable. Producers whose costs of production will rise will have no choice but to stop production, especially given that warehouse warehouses are almost full capacity.

Bank analysts said Goldman Sachs The demand from passenger and airline traffic, which accounts for around 16 million barrels per day of global consumption, may never return to previous levels.

On the other hand, the American president agreed Donald Trump And his Russian counterpart Vladimir Putin, During a phone conversation today, with senior energy officials of the two countries meeting to discuss the sharp drop in Oil markets Globalism.







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