Oil slides to lowest level in 18 years
Brent fall amid the heightened fear that the global coronavirus shutdown could last months and demand for fuel could evaporate further
30 March 2020 - 12:42
London — Crude oil fell sharply on Monday, with US crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on the heightened fear that the global coronavirus shutdown could last months and demand for fuel could evaporate further.
Brent crude, the international benchmark for oil prices, was down $1.93, or %7.7, at $23 by 8.20am GMT, after earlier dropping to $22.76, the lowest since November 2002...
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.