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History made as US crude drops to the floor
April 21, 2020
Source: Reuters

History made as US crude drops to the floor

Oil prices dropped below the floor on Tuesday, with US crude crashing below $0 for the first time ever. Brent crude was traded 1.9% lower, at $25.09 per barrel. U.S. West Texas Intermediate (WTI) crude tumbled to $1.36 a barrel. Following the collapse in oil prices, U.S. President Trump yesterday said that his administration was mulling over stopping the Saudi crude oil imports.

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