Investing.com investing.com 31 Dec, 2020 22:00 am

Oil Ends Pandemic Year Down Over 20%, Despite Best Efforts at Rebound By Investing.com

Oil Ends Pandemic Year Down Over 20%, Despite Best Efforts at Rebound By Investing.com
Oil Ends Pandemic Year Down Over 20%, Despite Best Efforts at Rebound

com - The worst year in the history of oil trading is ending with a loss of more than 20% for crude prices as the best efforts of producers to cut output still fell short of mitigating the demand destruction caused by the coronavirus pandemic.Crude prices actually rose after the OPEC maneuver.By Barani Krishnan Investing.Silver & Gold See Best Year in Decade, with White Outshining Yellow Metal p By Barani Krishnan Investing.

crude benchmark to as low as minus $40 — the first ever negative pricing in oil’s history that forced those who owned crude to pay people to get the barrels off their hands.London-traded Brent , the global benchmark for crude, officially finished 2020 at $51.

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