Oil prices drop as poor demand outweighs US stimulus
Refineries around the world are responding to the fall in demand by reducing output as a growing oversupply looms
25 March 2020 - 13:32
London — Oil prices slipped into negative territory on Wednesday as faltering fuel demand from the spread of the coronavirus outweighed a huge, pending US economic stimulus package.
Brent crude was down 45c, or 1.66%, at $26.70 a barrel at 10.29am GMT after earlier rising to a high of $28.29. US crude was down 10c, or 0.42%, at $23.91 after a high of $25.24 a barrel...
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