Oil plummets below $65

Oil has experienced a significant decline in its price range due to the intensity of COVID-19 crisis in certain parts of the world.

The unstable and unpredictable demand for oil in Asia, United States of America and certain parts of Europe, caused the price of crude oil (WTI) to drop to $65 per barrel.

There is hope that if oil’s demand regains steadiness, the commodity will be bullish once again.

--

--

--

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Dr. StrangeVol, Pt.2: Epidemics, Narratives, and the Market

CHINA-US ECONOMIC BALANCE — THE CHANGES #404

What does the new energy price cap mean for you?

A Quantum View Of Markets — Todd Moses

5 Fast Facts About the HEROES Act of 2020

Back to Work — Job Guarantee

The Economic Impact of Washington, D.C. Development

The Concept of Private equity and Venture Capital in the Kenyan Legal Framework

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Business Stance

Business Stance

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

More from Medium

Why waiving vaccine patents may not be on the table at EU-AU Summit

Je ne veux pas travailler

Putin’s Russian Roulette

What is Comprehensive Coverage and in which AL3 group its details can be found in Personal Lines…

What is Comprehensive Coverage and in which AL3 group its details can be found in Personal Lines policies?