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17.04.2020 BRENT OIL Daily Analysis
Brent oil prices today went down with close to 3 percent and it is trading on 27.80usd. This was triggered by the Chinese economic data that
Yazar: Zack Smith
Yayınlanma: 18 Nisan 2020 11:10
Güncellenme: 11 Kasım 2024 12:16
17.04.2020 BRENT OIL Daily Analysis
BRENT OIL 27.80usd, -0.90,-2.18% Brent oil prices today went down with close to 3 percent and it is trading on 27.80usd. This was triggered by the Chinese economic data that was released today which showed the great impact that the coronavirus had. This announcement actually contributed to offsetting the gains that oil had as it crippled all the production and drastically lowered the demand for oil. This is the first time since the country started publishing quarterly GDP data nearly 30 years ago that China has recorded this contraction. The Gross domestic product shrunk by 6.8% from the first quarter of 2019 and was down 9.8% in seasonally adjusted terms from the previous three months from when the virus got worse in the country.İLGİLİ HABERLER
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