Monday, October 13, 2025
U.S. crude dips below $20 as lockdowns wipe out demand-oil and gas 360

U.S. crude dips below $20 as lockdowns wipe out demand

Reuters LONDON – Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further. Brent crude, the international benchmark for oil prices, was down $1.98, or 7.9%, at $22.95 by 1337 GMT,