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After 18 years, the oil market hit and shook Corona

Vienna: The global epidemic of the virus at the level of worry and dread bearing case
in 2002, the lowest level since November after crude oil prices. Brent futures fell 6.7 percent, or $ 1.68, to $ 23.25 a barrel.

US West Texas Intermediate (WTI) crude fell to an 18-year low of $ 19.92 earlier this month. It is currently trading at $ 20.34 a barrel, according to final reports. The collapse of oil markets has caused a fall in demand due to the Coronavirus pandemic and the Saudi Arabia-Russia price war.

“OPEC, Saudi Arabia and Russia can resolve their differences. Lachlan Shah, head of commodity research at the National Australia Bank, said the impact of the drop in demand from Covid-19 was huge.