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US crude at US$10? It's a possibility, given latest dive to 21-year low

Oil currencies slide as US benchmark WTI crashes; floor falls out of demand, filling up US storage space

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Anita Gabriel

Anita Gabriel

Published Mon, Apr 20, 2020 · 09:50 PM
    Oil meltdown

    Singapore

    THERE's no saving crude - not even the much-wished for Saudi-Russia oil cutback - as the floor fell out of demand amid the continuing Covid-19 pandemic.

    Monday's brutal crash of US crude benchmark West Texas Intermediate (WTI) to a 21-year low will be seared into the memory of oil traders across the world.

    oilCovid-19

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