Crude oil prices drop below $40/barrel, as COVID-19 caseloads approach 27.5 million

Advertisement
Spread the love
Crude oil prices
Crude oil prices drop below $40/barrel, as COVID-19 caseloads approach 27.5 million

Crude oil prices dropped below the $40/barrel at Asia’s trading session. The price slide was triggered by the surge in COVID-19 caseloads globally and the U.S dollar gaining strength.

At the time this report was drafted, Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel for the first time since June. West Texas Intermediate Crude lost about 0.73% to trade at $36.49 per barrel.

Crude oil prices dropped below the $40/barrel at Asia’s trading session. The price slide was triggered by the surge in COVID-19 caseloads globally and the U.S dollar gaining strength.

Advertisement
Sponsored Ads

LEAVE A REPLY

Please enter your comment!
Please enter your name here