Last Thursday, in the oil inventory report, prices tumbled to their lowest in seven weeks. The decline of over 1% happened as worries regarding the spread of a respiratory virus
In a news report lately, U.S. natural gas prices inched down to its lowest level since 2016. To add, the daily consumption plunged by 2.2% compared to the preceding week.
Recently, oil prices became stable in the commodity market. It happened as reports of slow-moving economic growth in China lifted concerns over fuel demand. Moreover, the matter has countered confidence
In recent times, oil prices plunged based on fears that the pending Phase 1 trade deal between the United States and China may perhaps not push demand. Moreover, the U.S.