Oil prices slump as virus crisis worsens


Five platforms over the Johan Sverdrup oil field in the North Sea. Oil prices today slumped as demand falls since the pandemic. – AFP pic, March 30, 2020.

OIL prices slumped in Asian trade today, tracking falls on stock markets after a sharp escalation in the coronavirus crisis over the weekend.

US benchmark West Texas Intermediate fell 3.9% to trade at US$20 (RM87.10) a barrel, while international benchmark Brent crude was off 4.9% at US$23 a barrel.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!


Sign up or sign in here to comment.


Comments