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Crude oil slips as demand sinks
March 26, 2020
Source: Reuters

Crude oil slips as demand sinks

Oil prices fell in the international market on Thursday, as governments worldwide restricted movement to contain the coronavirus, destroying demand. Brent crude slipped 3.75%, to $26.35 a barrel. US WTI crude dropped 3.8%, to $23.55 a barrel. Market strategist at AxiTrader, Stephen Innes, said, “Oil markets received a lift from the U.S. stimulus chatter, but for the most part activity remains rudderless, awash in a sea of oil,”.

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