Oil Prices Fall Amid Bleak Outlook Warnings
September 15, 2020
7:47 am
Amid bleak outlook warnings by major oil producers and the COVID-19 pandemic, oil prices again went southwards on Tuesday, with experts forecasting prices may crash to $35.
Brent crude was down 4 cents, or 0.1%, at $39.57 a barrel by 0642 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 2 cents, or 0.1%, at $37.24 a barrel.
Both contracts ended slightly lower the previous day.
Still, losses were limited by short-covering ahead of a key meeting later this week of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to discuss compliance …
