Tag: coronavirus collapse

• Monday, April 20th 2020 - 07:39 UTC

  US oil falls to below US$ 15 a barrel and Brent dropped to US$ 27

  

  US crude fell about 20% to below US$15 a barrel on Monday, its lowest level in about two decades, as a coronavirus-triggered collapse in demand eclipsed a deal to cut output. West Texas Intermediate, the US benchmark, fell 18.7% to US$14.84 a barrel. Brent crude, the international benchmark, was off 1.5% at US$27.64 a barrel.