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 – 15:54Image
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…