U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world.
The prices fell for a third session, with U.S. crude Clc1 reaching $25.06 per barrel, the lowest prices since late April 2003. As of 11:35 Greenwich Mountain time, U.S. crude Clc1 hit $1.51 cents or 5.6 percent at $25.44 per barrel, Reuters reported.
The last time the prices were that low, the U.S. had recently invaded Iraq, and China was rising in the global economy, sparking an increase in global oil consumption to record levels, Reuters noted.
Read more at The Hill.
{Matzav.com}
What good are lower prices if you can’t leave your house to drive anywhere?
Exactly why oil prices are low.
That’s pretty sad if that is the silver lining. The learning at home אף על פי. The davenning bizmano אף על פי you’re not going to work. The chasadim done אף על פי there are no משולחים collecting. Completing the day’s daf אף על פי the magid shiur and the shiur are not here.
Are you kidding me? This is a dream come true. I can now poof away till late in the day, daven in my bedroom and then hang out in the chat rooms all day long. The best part is, it’s sanctioned by all the rabbonim. I love being a yid in 2020!
This will be short lived after US oil co’s file ch 11. Then prices will skyrocket