News Karnataka
Sunday, December 03 2023

International crude prices decline further on Trump’s corona report

Photo Credit :

crude oil 02102020New Delhi: International crude oil prices continued to decline on Friday due to persistent global economic uncertainties, going down further after the announcement that US President Donald Trump had tested coronavirus positive.

A further increase in crude supplies also eased the prices, analysts said.

Consequently, Brent crude slumped below $40 per barrel. Currently, the December contract Brent crude on the Intercontinental Exchange (ICE) is trading at $39.58 per barrel, lower by 3.30 per cent from its previous close.

The November contract of WTI crude was at $37.40 per barrel, lower by 3.41 per cent from its previous close.

Oil prices have of late been under pressure due to poor demand amid the coronavirus pandemic and vanishing hopes of further stimulus in the US.

On Friday, prices further declined after Trump announced that he and First Lady Melania Trump have tested positive for the infection.

Taking to Twitter late Thursday night, Trump said: “Tonight, @FLOTUS and I tested positive for Covid-19. We will begin our quarantine and recovery process immediately. We will get through this together.”

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Editor's Pick

Find the best odds at 10Cric and IPL Betting 2023! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp