Oil prices fall as US economic package crashes

March 23, 2020: Oil prices fell heavily at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate was down 2.5 percent at $22 a barrel while Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.



Posted on: 2020-03-23T11:24:00+05:00