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Oil slumps on worries that supply cuts are playing catch-up to falling demand

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Home Blogs > Business
Apr 14 '20 | By oiam2companyadmin | Views: 52 | Comments: 0

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Oil prices dropped sharply on Tuesday, with U.S. prices sliding back toward $20 a barrel, as investors bet that fuel demand destruction caused by the coronavirus pandemic would be too much for producers embarking on record global output cuts to offset.
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Source: https://www.reuters.com/article/us-global-oil/oil-slumps-on-worries-that-supply-cuts-are-playing-catch-up-to-falling-demand-idUSKCN21W02C?feedType=RSS&feedName=businessNews

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