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Brent Oil Drops under $20, Lowest Since 2001

Last Updated: April 21, 2020, 21:45 IST

London

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Europe's benchmark oil contract reached $18.10 per barrel before shooting back up to $21.51 in volatile trading.

Brent North Sea crude slumped to under $20 per barrel on Tuesday, reaching the lowest level for more than 18 years as the coronavirus pandemic slashed demand.

Europe's benchmark oil contract reached $18.10 per barrel before shooting back up to $21.51 in volatile trading.

first published:April 21, 2020, 17:20 IST
last updated:April 21, 2020, 21:45 IST