Oil prices is going down
Oil prices is going down The world oil prices are witnessing a high decline during this period due to the world events in the Corona epidemic. The first time in America’s oil history since the start of future sales of oil in 1983. the price of West Texas Intermediate crude oil reached $ 37.63 below zero, with trading closing Monday.this huge drop is due to the great pressure in terms of demand and supply of oil prices at one time. and this has never happened before. this is precisely what led to the significant decline in demand, especially from China, the largest consumer of crude. All countries have stock of crude due to the repercussions of the economic activity, most of which has stopped and consequently decreased significantly, which led to an increase in oil stocks in exporting countries such as the United States of America, Mexico, Russia and Saudi Arabia even though Saudi Arabia and Russia deci...