US oil prices fall to record lows – but will it mean cheaper petrol?

US oil prices fall to record lows – but will it mean cheaper petrol?

Oversupply means storage facilities are overwhelmed 

Stephen Little
Tue, 04/21/2020 – 15:54

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US oil prices plunged into negative territory on Monday for the first time ever, as the coronavirus outbreak hit demand.

The price of a barrel of West Texas Intermediate, the American oil benchmark, fell to nearly…

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