Theories on the possibility of China's oil demanding industries to be restored as it was, has resulted to the drop of oil price this week. The ease of global lockdown has given oil price some support but, the tension between US and China economic issue has continue to give oil an unstable ground.
West Texas Intermediate oil CLN20, -1.06% CL.1, -1.06% fell 67 cents, or 2%, to settle at $33.25 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for July delivery BRN.1, -0.02% BRNN20, -0.02% lost 93 cents, or 2.6%, to $35.13 a barrel on ICE Futures Europe.
West Texas Intermediate oil CLN20, -1.06% CL.1, -1.06% fell 67 cents, or 2%, to settle at $33.25 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for July delivery BRN.1, -0.02% BRNN20, -0.02% lost 93 cents, or 2.6%, to $35.13 a barrel on ICE Futures Europe.