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Crude Oil goes ‘worthless’ as US prices crashes to record $0 per barrel

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United States oil prices crashed Monday to a record low amid a collapse in demand caused by the coronavirus pandemic.

The U.S. oil futures went to $0 a barrel, the worst level since NYMEX opened oil futures trading in 1983.

As factories and machines across the world grind to a halt, demand for oil has nosedived massively amid falling prices.

The development came against the backdrop of an 18-year low drop in prices amid storage challenges.


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