In the global market, American crude has fallen below zero levels, suffering the worst fall.
During the global market trading, US crude oil West Texas Intermediate (WTI) prices saw an incredible decline of 107% and WTI crude oil entered the negative zone and continued to decline. Is.
On Monday, news of the rapid depletion of oil reserves in the US led to a sharp fall in prices and a $ 37.63 a barrel decline in one day, the lowest level since 1983.
Brent crude oil, on the other hand, is stable at $ 25.62 a barrel, while global gas prices are up 6% at $ 1 87 cents.
Canadian crude oil prices have also fallen by less than a dollar a barrel after which Canada's oil production has begun to stop.
It is to be noted that since the Corona crisis worldwide, oil prices have been in constant decline since January this year.
Saudi and Russia have recently signed an agreement to reduce oil production, which aims to reduce oil production to stabilize oil prices.
Oil prices also saw a rise after contract news surfaced, but analysts say production is still higher than demand.
During the global market trading, US crude oil West Texas Intermediate (WTI) prices saw an incredible decline of 107% and WTI crude oil entered the negative zone and continued to decline. Is.
On Monday, news of the rapid depletion of oil reserves in the US led to a sharp fall in prices and a $ 37.63 a barrel decline in one day, the lowest level since 1983.
Brent crude oil, on the other hand, is stable at $ 25.62 a barrel, while global gas prices are up 6% at $ 1 87 cents.
Canadian crude oil prices have also fallen by less than a dollar a barrel after which Canada's oil production has begun to stop.
It is to be noted that since the Corona crisis worldwide, oil prices have been in constant decline since January this year.
Saudi and Russia have recently signed an agreement to reduce oil production, which aims to reduce oil production to stabilize oil prices.
Oil prices also saw a rise after contract news surfaced, but analysts say production is still higher than demand.
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