covidNationalNewsOil & Gas

Oil prices fall to lowest level since 1999

Source: cbc.ca, April 20, 2020

The price of oil is plunging due to little demand for it, and with oil companies running out of places to store it.

The economic slowdown caused by COVID-19 is pushing oil prices down to their lowest level in more than 20 years.

The futures contract for West Texas Intermediate lost $6 US a barrel on Monday, going to $11.66 US, the lowest level since 1999.

Read full story here…

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