American crude loses more than 14% in the Asian markets
2020-04-28T09:41:58+00:00
Shafaq News/ WTI crude price dropped by more than 14% in Asian markets after a tradable investment fund in the Stock Exchange started selling short-term oil contracts.
This "sweet light oil", which is considered a standard in pricing American raw materials, plunged by 14.8% in electronic trading, to reach 10.88 dollars per barrel, amid growing investor fears about the excess supply and the lack of storage capacity.
