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Montevideo, September 27th 2022 - 08:15 UTC

Tag: US benchmark

  • Monday, April 20th 2020 - 07:39 UTC

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

    Oil markets have plunged in recent weeks as lockdowns and travel restrictions around the globe batter demand for the commodity.

    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.