Markets By TradingView

Oil is at 17-Year Low

Oil prices have shrunk to the lowest level since 2003, with a political delay in one of the coronavirus rescue packages in the United States

Oil is at 17-Year Low
Yazar: Zack Smith

Yayınlanma: 23 Mart 2020 19:27

Güncellenme: 8 Kasım 2024 05:50

Oil is at 17-Year Low

Oil prices have shrunk to the lowest level since 2003, with a political delay in one of the coronavirus rescue packages in the United States, while OPEC and Texas, the largest oil state in the US, are less likely to contract. While oil futures contracted by 3 percent in London to near $ 26 a barrel, West Texas oil (WTI) rose after the April contract expired on Friday. In the U.S. Senate, Democrats blocked the $ 2 trillion economic recovery package that Republicans took in the face of the virus, suggesting that the measures focused on employers rather than workers. These measures will be approved with high probability, but it will take some time to resolve the differences between the parties.
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