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*US Crude Oil Price Crashes To Below $1 Per Barrel* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ve Crude oil prices in the United States of America fell to below $1 per barrel, for the first time in history. The unprecedented development was caused by the coronavirus pandemic which left the world awash with oil and not enough storage capacity. ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/+263715068543 Calls: 0772464000 ---------- As a result, producers are paying buyers to take it off their hands, with crude oil traded as low as -$40.32 a barrel at the West Texas Intermediate, the US benchmark. President Donald Trump reiterated his administration’s plans to open the federally-controlled strategic petroleum reserve to store excess oil that cannot find a home in commercial storage facilities. He said: > We’re filling up our national petroleum reserves, the strategic reserves, and we’re looking to put as much as 75m barrels into the reserves themselves that would top it out. > We’re going to either ask for permission to buy it, or we’ll store it, one way or the other, it will be full. *More: Financial Times* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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