US oil plunges 25%, Brent falls below US$20 a barrel


NEW YORK (Reuters) - Brent crude fell below US$20 a barrel and US crude plunged 25% on Monday, driven lower by skittish investors fleeing the US benchmark due to lack of available storage to deal with a coronavirus-induced collapse in demand.

Even as governments worldwide are taking tentative steps towards reducing restriction on movement to help economies rebound, fuel demand remains weak.

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crude oil , Brent , WTI

   

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