Les actualités de la BRVM en Flux RSS
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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe world's largest economy is losing control of oil. The global economy is recovering now and with it the price of oil. Although the world's largest economy, the United States used to set the pace for oil prices and gas supply, it is losing control of the market. For the first time in history, the price of oil fell to negative values with a barrel of US oil during WTI (West Texas Intermediate) starting to cost less than $37. During this period, demand had collapsed. This was due to literally half the world being locked down due to lockdown and health laws. A barrel at WTI (159 liters) currently costs about $70. This is more than in 2019, the year before the pandemic.
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