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Crude oil hits 17-year low, further slide expected

Some analysts looking at average Brent prices of US$10 per barrel in second quarter

According to Platts Analytics, at current levels, the biggest losers are obviously oil producers, and specifically US producers - both shale and non-shale.


THE triple whammy of the Saudi- Russia price war, Covid-19 and a crude supply glut has landed the "Big Bear" in the oil market - with crude prices skidding to a 17-year low and the trough nowhere in sight.

"Given the scale of the losses endured already, you have to...