Why Indians will not benefit from falling crude oil price in the US - ULTIMATE KNOWLEDGE HUB

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Tuesday, April 21, 2020

Why Indians will not benefit from falling crude oil price in the US

In a first, oil prices plummeted to negative on Monday (April 20) in the US as the demand for energy fell down sharply due to the coronavirus COVID-19 pandemic. According to The New York Times, the fuel storage tanks in the United States were near capacity making it tough for the companies to hold all the unused crude.

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