Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. <\/p>\n\n\n\n
U.S. crude Clc1 was down $1.77 cents, or 6.57%, at $25.18 per barrel by 10:41 GMT, having earlier fallen to $25.06, its lowest since late April 2003.<\/p>\n\n\n\n
The last time oil was trading that low, the United States had invaded Iraq and China had only begun its rise as a major global economic power that propelled the world\u2019s oil consumption to record highs in subsequent years.<\/p>\n\n\n\n
Brent crude LCOc1 was trading down 95 cents, or 3.31%, at $27.78 a barrel, after dropping to $27.56, its lowest since early 2016.<\/p>\n\n\n\n
\u201cThe oil demand collapse from the spreading coronavirus looks increasingly sharp,\u201d Goldman Sachs said in a note forecasting a fall in the price of Brent to as low as $20 in the second quarter, a level not seen since early 2002.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. U.S. crude Clc1 was down $1.77 cents, or 6.57%, at $25.18 per barrel by 10:41 GMT, having earlier fallen to $25.06, its […]<\/p>\n","protected":false},"author":1,"featured_media":31153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[9630],"class_list":["post-31328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-oiloil-pricesu-s-crude"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=31328"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/31153"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=31328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=31328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=31328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}