Oil price decline – MTV Lebanon

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Oil prices fell amid worries about declining global crude storage capacity and growing fears that a recovery in fuel demand might slow as countries ease restrictions on activities and social life to contain the Corona pandemic.

And the price of US West Texas Intermediate crude fell to a low of $ 10.64 a barrel today. It recorded a drop of 12.8 percent, or $ 1.64 to $ 11.14 a barrel. Decreased

American crude 25 percent yesterday.

Brent crude, the world benchmark, fell to $ 18.85, and in the latest trading, it lost 4.3 percent, equivalent to 85 cents, to $ 19.14 a barrel. Yesterday, the benchmark crude lost 6.8 percent, and the contract for June delivery expires on April 30.





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