Teller Report

American crude hit its lowest level in 21 years

4/20/2020, 7:49:11 AM

US crude oil prices fell in Asian trading Monday morning by more than 20% below $ 15 a barrel for the first time in 21 years, despite an agreement earlier this month between OPEC + countries (an alliance of the Organization of Petroleum Exporting Countries "OPEC" and countries from Outside of) l


US crude oil prices fell in Asian trading Monday morning by more than 20% below $ 15 a barrel for the first time in 21 years, despite an agreement earlier this month between OPEC + countries (an alliance of the Organization of Petroleum Exporting Countries "OPEC" and countries from Outside) to cut production by 9.7 million barrels per day in May and June.