US crude oil futures fall to 1999 lows amid fears tanks will soon be full
Oil in US storage rises as refiners throttle back activity due to slumping demand over pandemic
20 April 2020 - 07:58
Singapore — Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.
The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from Opec and the International Energy Agency...
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