Coronavirus: US crude falls below $15 per barrel

Collapse in demand triggered by COVID-19 eclipses deal to cut output

Last updated: April 20, 2020 | 05:57

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Oil prices fall on weaker demand growth, surprise gain in US crude stocks

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Singapore: US crude fell about 20 percent to below $15 a barrel on Monday, its lowest level in about two decades, as a coronavirus-triggered collapse in demand eclipsed a deal to cut output.

West Texas Intermediate, the US benchmark, fell 18.7 percent to $14.84 a barrel.

Brent crude, the international benchmark, was off 1.5 percent at $27.64 a barrel.