11:45 AM · 18 March 2020

BREAKING: WTI falls 6% and approaches $25 mark

Downward move in the oil market shows no signs of stopping. Decline in demand caused by the coronavirus outbreak is accompanied by rising supply in Russia and Saudi Arabia creating a very poor mix for the prices. WTI trades over 6% lower today and nears the $25 mark, a level not seen since the turn of 2001 and 2002.

WTI broke below the low from early-2016 today and trades at the lowest level since the turn of 2001 and 2002. Source: xStation5

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