Crude oil dips on last trading day to push 2020 drop to 20%
But Brent, WTI more than doubled from decade-lows in April
31 December 2020 - 07:20
Singapore — Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus.
On Thursday, the last trading day of 2020, Brent was trading down 25c, or 0.5%, at $51.38 a barrel, as of 0246 GMT and US West Texas Intermediate (WTI) lost 0.2%, or 11 cents, to $48.29 a barrel...
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