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Oil settles at lowest since January 2019

Friday, 28 February 2020 02:54 WIB

Minyak WTIMinyak Mentah

Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market.

April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $47.09 barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since January 2019, according to FactSet data.

Source : MarketWatch

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