Yahoo Finance: "Oil Prices Continue Sharp Decline, Brent Drops To The Lowest Level Since 1999"

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Yahoo Finance: "Oil Prices Continue Sharp Decline, Brent Drops To The Lowest Level Since 1999"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “The novel coronavirus (COVID-19) pandemic has reduced the demand for oil worldwide as widespread lockdowns are imposed to curb the spread of the virus. Analysts are saying that it’s short-term volatility.

The prices for September and onward futures remain above $30, signaling that the oil market could rebound strongly, DataTrek Research co-founder Nicholas Colas noted”….

Read the full article here on Yahoo Finance!