Oil prices plunge to 20-year low as Covid-19 demand hit deepens – business live

The selloff in US crude oil futures was a brutal 21% in early Monday trade, and there is little sign of any imminent recovery, with West Texas Intermediate May prices still bumping along below $15 per barrel. “Don’t panic,” suggest analysts led by Mark Haefele, chief investment officer in UBS’s wealth management arm. They forecast prices of WTI and Brent crude of $20 per barrel at the end of June, and over $40 per barrel at the end of the year.

Prices at the Pumps ⛽️ don’t plunge though do they!!! OilPrice funny how they shoot up but never the opposite!!

Buy and stock reserves as much as possible. The intended market influence is that when there it will ultimately act a as suppression on trade prices. Market traders are aware that reserves if released will suppress current pricing.

WHAT ABOUT THE PETROL PRICES AT THE PUMPS

Time to let oil die.

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Oil prices sink to 20-year low as UN sounds alarm on Covid-19 relief fundUS crude dipped below $15 as Trump battled states over economy and UN warned it has only a quarter of its requested coronavirus funding It's time to go on road trip 🤪 So much for the charade by Trump, Putin, & Saudi Crown Prince..You can't bully the markets so easily - Oil prices sink to 20-year low US crude dipped $15 as Trump battled states over economy & UN warned it has only 1/4 of its requested coronavirus funding WOW REALLY
Source: The Guardian - 🏆 84. / 53 Read more »