Difference between Brent and WTI crude oil
Автор: moneycontrol
Загружено: 21 апр. 2020 г.
Просмотров: 30 424 просмотра
US crude oil futures traded in the negative territory for the first time in history, as low demand because of the COVID-19 pandemic has led to a supply glut. On April 20, West Texas Intermediate (WTI) traded 306 percent lower to settle at -$37.63 a barrel, after going as low as -$40.32. The cost of Brent crude, the international benchmark, was higher since more storage space is available across multiple locations, making deliveries easier. Brent slid 9 percent on April 20, settling at $25.57 a barrel. Watch the video to know the difference between Brent crude and WTI crude oil
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