Today Brent oil is trading on 17.48usd and it went down with almost 10 percent. The prices for Brent fell so much to the price that was last experienced
BRENT OIL 17.48USD, -1.85, -9.57%
Today Brent oil is trading on 17.48usd and it went down with almost 10 percent. The prices for Brent fell so much to the price that was last experienced in the last 21 years this was triggered by the excessive supply of so much crude oil yet there is no demand for literally everything including gasoline to jet fuel .massive with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak. In all the recordings for this year in just 4 months oil has slumped with 80 percent due to the coronavirus that rapidly spread to every country leading to the lockdown and travel bans with a 30 percent drop of fuel worldwide.