US oil price falls to 17-year low
Travel and social lockdowns sparked by the coronavirus epidemic have knocked the outlook for oil demand
18 March 2020 - 13:17
London — Oil prices fell for a third session on Wednesday with US crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.
US crude was down $1.15, or 4.27%, at $25.80 per barrel by 9.38am GMT, having earlier fallen to $25.68, its lowest since May 2003...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.