Brent Oil Drops to 21-Yr Low as Selling Pressure Intensifies

Apr.22 — Oil in London tumbled to the bottom in nearly 21 years as Brent crude was sucked into the rout that despatched U.S. futures under zero for the primary time ever this week. With world demand crushed by coronavirus lockdowns, issues that the undesirable oil goes to overwhelm storage capability have triggered a promoting frenzy. Annmarie Hordern studies on “Bloomberg Markets: European Open.”