SUBSCRIBERS
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
Add BT as a preferred source
Published Mon, Apr 20, 2020 · 09:50 PM
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
