Commodity Report: Crude Oil Price Forecast – March 2020 [Video]
|Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.
US crude was down 7%, at $25 per barrel, its lowest since late April 2003.
A price war between OPEC leader Saudi Arabia and Russia after talks on coordinated output cuts collapsed this month is adding pressure to the market.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Oil with the latest price forecast and predictions:
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