S&P Global Platts: Oil Settles Sharply Lower as Coronavirus Containment Efforts Spread
March 21, 2020
March 21, 2020
NEW YORK, March 21 -- S&P Global Platts, a subsidiary of S&P Global, issued the following news:
Oil prices finished the week lower amid stepped-up US COVID-19 containment efforts, and a lack of clarity regarding US efforts to bail out domestic oil producers.
April WTI settled down 2.79 at $22.43/b and ICE May Brent was $1.49 lower at $26.98/b.
Front-month WTI briefly crossed the $20/b level in the final minutes of trading, before bouncing to settle . . .
Oil prices finished the week lower amid stepped-up US COVID-19 containment efforts, and a lack of clarity regarding US efforts to bail out domestic oil producers.
April WTI settled down 2.79 at $22.43/b and ICE May Brent was $1.49 lower at $26.98/b.
Front-month WTI briefly crossed the $20/b level in the final minutes of trading, before bouncing to settle . . .