The oil price recovered significantly at the start of the week. On Monday morning, a barrel (159 liters) of the North Sea Brent cost 40.08 US dollars. That was 81 cents more than on Friday. The price of a barrel of the US West Texas Intermediate (WTI) rose 93 cents to $ 37.98. Although US […]
Tag: Oil and Gas
Oil a ‘bigger problem for markets than the coronavirus’ after OPEC deal collapse
A derek pumps in an oil field in Kuwait near the Saudi Arabian border. Joe Raedle | Getty Images Oil prices plunged last week as OPEC and its allies failed to reach an agreement on production cuts, and as prices look set to continue cratering, some are warning about the impact on the broader economy. “Crude […]