China News Network client April 16 (Zhang Xu) After reaching the largest production reduction agreement in history, international oil prices have not rebounded. On April 15, WTI crude oil futures fell 1.19% and fell below $ 20 to close at $ 19.87 / barrel, the lowest in 18 years. London Brent crude oil futures fell 6.45% to close at $ 27.69 / barrel. The International Energy Agency (IEA) said on the 15th that with the global epidemic blockade measures causing the world economy to stall, this year's decline in global oil demand will set a new record. The IEA said in its latest monthly report that the world ’s total oil demand in 2020 will fall to a new low since 1995.
International oil price falls below $ 20 WTI crude oil futures price hits 18-year low
2020-04-16T01:37:25.831Z
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Source: chinanews