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Oil slips below $39 after U.S. crude stockpiles expand to record
June 11, 2020
Source: Reuters

Oil slips below $39 after U.S. crude stockpiles expand to record

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve projecting recovery from the pandemic would take years. WTI crude futures erased gains from Wednesday, falling as low as $38.42 down by 2.5%. Brent crude futures fell 2.2%, or 92 cents, to $40.8.

   Read More About : Brent Price Oil Prices OPEC WTI coronavirus
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