Oil prices fell for a third consecutive session to be down about 17% this week, according to Reuters.
Brent crude was trading on Wednesday, March 18, at USD 27.77 a barrel, and WTI – to USD 25.76 a barrel.
Goldman Sachs said in a note that oil demand collapsed from the spreading of coronavirus and forecasted a fall in Brent prices to as low as USD 20 a barrel in the second quarter.
Read also: Oil prices drops 10% after US bans travel from Europe.
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