Oil drops nearly 10%, breaking below $29 as demand evaporates … from CNBC.COM

Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session WTI fell to a session low of $28.03 per […]

Oil drops nearly 10%, breaking below $29 as demand evaporates … from CNBC.COM Read More »