Oils Dips below $57 as the COVID-19 Pandemic Grows and OPEC Unable to Reach Consensus!

On Tuesday the 18th, oil prices continue to decline even as multiple pleas from Saudi Arabia and other OPEC countries, to cut down oil production, have failed to generate a consensus among its members and allied countries. In the mid-afternoon trading numbers, prices for Brent Crude, were down by 82 cents to reach a low of $56.85/barrel. Another crude oil company, US West Texas Intermediate saw a 70 pence dip in its trading prices.

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