Oil prices plunge to multi-year low

Oil prices plunge to multi-year low

Oil prices fell more than 15% on Wednesday to a multi-year low as the coronavirus pandemic continues to threaten demand amid fears of a global recession. International benchmark Brent crude shed 7.8% to trade at $26.48/barrel, its lowest level since Sept. 2003. Oil prices were above $60/barrel at the start of the year.

Chris
Chris
IvoryDove
IvoryDove 1 months

I'm so happy I'm going to take my 55 gallon barrel over and fill it with diesel while the price is low!

Exnihilo Adnihilum
Exnihilo Adnihilum 1 months

$1.66 here in the Midwest. California just sucks.

Rational
Rational 1 months

Awesome news for the consumer not so much for workers in the Shale industry in the US.

Swamp gas
Swamp gas 1 months

yet the price of fuel is still high. funny that if they spill a drop in the Mid. East the price goes up immediately but when millions of cars are off the road for months the price stays the same.

Grand Ol Propaganda
Grand Ol Propaganda 1 months

#MAGA!!!!!

TheCurrentModality
TheCurrentModality 1 months

If it wasn't for the crappy ethanol in it I would purchase a couple of hundred gallons.

david dindu
david dindu 1 months

still 3.50 in cali

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