Baku 11° C
WTI crude falls to 21-year low
Energy
- 20 April, 2020
- 08:11
WTI crude price has fallen 20% below $15 a barrel for the first time since 1999, Report informs, citing the Bloomberg.
Some purchasers in Texas have paid $2 for a barrel, which can mean that the American oil producers may have to pay additional funds to purchasers to get rid of the product.
Earlier, Bloomberg had reported that US President Donald Trump wanted the oil companies to stop the production and even was ready to pay funds for this.
Author
Latest News
23:56
Norway and Netherlands ramp up drone funding for Ukraine
Other countries23:51
UK disburses final tranche to Ukraine via G7 revenue acceleration plan
Other countries23:37
Pentagon steps up planning for possible Cuba operations
Other countries23:15
Iran insists on Pakistan venue for talks with US
Foreign policy23:03
UN boosts humanitarian aid for Iran with $12M
Other countries22:50
Erdogan invites Canada PM to NATO, COP31 summits
Region22:37
China to send 58 tonnes of medical aid to Iran
Region22:23
Paris hosts exhibition dedicated to Azerbaijan
Cultural policy21:58