5m
21 Apr 2020

Oil prices fall to levels not seen in two decades

They used to call it ‘black gold’ – well not right now.  Yesterday, one set of US oil prices went negative for the first time ever.

Today, the tumult intensified: prices across the oil market falling to levels not seen in two decades.

Demand has collapsed in the worldwide lockdown, and now producers are running out of places to store the fuel nobody wants anymore.