Fetching News Details

Oil prices drop on demand recovery fears
Aug. 20, 2020
Source: Reuters

Oil prices drop on demand recovery fears

Oil prices fell on Thursday. Brent crude was down 44 cents, at $44.93 a barrel, and U.S. WTI oil fell 44 cents, at $42.49 a barrel. The fall was driven by major demand concerns as well as cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic recovery from the coronavirus pandemic. Overall fuel demand in the last four weeks is down 14% from year-ago levels.

   Read More About : Brent Price Oil Prices OPEC WTI coronavirus
⬅ all news

Please Login to Save News for Later