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US oil

US oil latest

Oil Prices Plummet Amid Fears of Severe Pandemic Second Wave
September 13th, 2020 - 06:00 GMT

Oil Prices Plummet Amid Fears of Severe Pandemic Second Wave

Crude oil prices slid for a second consecutive week amid fears of a severe second wave of COVID-19 that clouded the short-term demand outlook. The end of the US summer high driving season, lower refining margins, lower Chinese crude oil imports, and a stronger dollar have added to the downward price momentum. Brent crude retreated to $39.83 per barrel and dipped below the $40 barrier for the first time since ...
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