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WTI oil price hits lowest level for 18 years

April 16, 2020: The benchmark WTI oil contract extended its slide Wednesday, hitting the lowest level since 2002, with output cuts planned by producers seen as not enough to offset a coronavirus-fuelled slump in demand.

       WTI tumbled to $19.20 per barrel, while Brent North Sea crude was down at $28.38.

AFP/APP

Posted on: 2020-04-15T14:43:00+05:00

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