Oil plummets to 7-Year lows as virus infects the Crude market
US benchmark West Texas Intermediate fell 5.3 per cent to trade at $20 a barrel, while international benchmark Brent crude was off 6.5 per cent at 23.
US benchmark West Texas Intermediate fell 5.3 per cent to trade at $20 a barrel, while international benchmark Brent crude was off 6.5 per cent at 23.
Experts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand.
