The performance of oil prices varied today, as governments took unprecedented steps to reduce the economic consequences of the Corona virus.
Brent crude fell 34 cents, or 1.2%, to $ 26 a barrel by 0726 GMT, while US crude rose eight cents, or 0.4%, to $ 22.68.
The two benchmarks are down by nearly two-thirds since the beginning of this year, and the decline in economic activity and fuel demand has caused a massive forced reduction in investment by oil and other energy companies.
The International Energy Agency stated that the world’s oil needs may fall by 20% with the isolation of three billion people, calling on the big producers like to contribute to achieving stability in the oil markets.
The leaders of the Group of Twenty major economies, pledged yesterday, to pump more than five trillion dollars in the global economy to reduce the loss of jobs and income due to the "Corona" virus and "do everything possible to overcome this pandemic."