US crude oil fell $ 22 to 41 cents a barrel
New York … News Time
The Coronavirus has hit the global economy, the global market saw a sharp drop in crude oil prices, and this week was the worst for stock markets. Coronavirus causes lockdown situation in many countries, movement is limited, and demand for petroleum products has dropped sharply. Saudi Arabia and Russia are producing surplus production. Crude oil prices fell to the lowest level in 29 years, with US crude being traded at $ 20. At the end of the trading week, US crude oil prices fell $ 22 to 41 cents a barrel. Brent crude oil prices fell 20% in a week. Brent crude oil fell $ 26 to 98 cents a barrel, the week ending March 20 for the global stock markets, the worst week ever.
During the week, the US Dow Jones recorded a decrease of 17.3 percent, while the Nasdaq 12.6 percent. S&P Five-Hundred reduced 15% in one week. The 5th week ended in European stock markets. The Indian stock market also lost 12% during the week. The week ending March 20 was the worst for the Pakistan stock market since December 2008. The KSE Hundred Index recorded a decrease of 5393 points. The index closed at 3667 points at the end of the trading week.
