A pumpjack in Signal Hill, California. The US benchmark crude oil price sank to its lowest level ever yesterday, falling below US$10 a barrel amid the coronavirus pandemic’s hit to demand and an epic supply glut. – AFP pic, April 21, 2020.
THE price for May delivery of West Texas Intermediate, the US benchmark oil, plunged well into negative territory yesterday, an unprecedented crash prompted by the imminent expiration of this month’s futures contract. Yet the price of a barrel of the same grade of oil for June delivery was still positive, albeit at the low value of US$20.43 a barrel.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: