Oil in minus 19 cents: the world market is collapsed due to quarantine
The global oil market is “broken and drowned in oil, which no one needs,” writes Bloomberg. The fall in demand due to coronavirus approaches 25%, and in some countries, customers have to pay extra oil sellers, because there is simply nowhere to store fuel. The price of one of the varieties of oil in the United States has already gone minus. What's happened On average, in recent years, global oil consumption was about 100 million barrels per day.