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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.
Oil hits $15 for first time in 2 decades: Why prices are falling and what it means for India, explained

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