LONDON, April 21 (NNN-AGENCIES) — West Texas Intermediate oil on
Monday plunged to the lowest level since 1986 at $10.34 per barrel as
the coronavirus pandemic slashes demand, leaving the world awash with
crude.
Around 1500 GMT, WTI pulled back to $10.82 per barrel but was still
down almost 41 percent compared with Friday.
The fall is severe as it concerns the May contract due to expire
later Monday and investors don’t want to take physical possession of
the oil, traders said. — NNN-AGENCIES
