Crude Oil Down to 21 Year Lo
You're listening to the news at this hour on Africa business radio the price of US oil has fallen to a level. Not Send since nine thousand nine hundred nine as demand dries up and storage runs wants out the price of a barrel of West Texas Intermediate's the benchmark for US oil dropped fourteen percents to fifteen dollars. Sixty five cents in Asia trading on Monday Brent oil benchmark. He's by the European and the rest of the world will slightly weaker down zero point. Eight percents to twenty seven dollars. Eighty seven cents a barrel. The oil market has come under intense pressure and dynamic with a huge demand. Us storage facilities are now struggling to cope with a glut of oil weakening prices further. That was the news. At this time. On Africa Business Radio you can continue to listen life online at. Www Dot Africa business radio DOT COM OF ARABLE APP. Thank you for listening.