Commodities Oil hits $15 for first time in 2 decades: Why prices are falling and what it means for India, explained Updated : April 20, 2020 04:05 PM IST Oil prices on Monday tumbled to levels not seen in more than two decades with the West Texas intermediate (WTI) crude in the US declining below the $15 per barrel mark, its lowest in 21 years. WTI crude is currently trading at $14.78 per barrel, down 19.5 percent from its previous close. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.