Tue, 21-Oct-2025

US oil prices fell 20% as global demand decreases amid COVID-19

US Oil prices

United States Oil Prices on Tuesday witnessed the fall of almost 20% amid intensifying fears about dwindling storage capacity worldwide. Media reports said West Texas Intermediate, the U.S. benchmark, slipped over 19%, or $2.5, to trade at $10.22 per barrel, while international benchmark Brent crude traded 4.5% lower at $19.09 per barrel. Economy Experts say that … Read more

United States Oil Prices witness 20 years historic crash

Oil markets

Witnessing a 20 years historic crash, United States Oil Prices cut as the global pandemic hits international demand for crude. Media reports said that United States oil prices crashed to a more than two-decade low as the coronavirus pandemic hits global demand for crude West Texas Intermediate (WTI)— the US oil benchmark — plunged in … Read more