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US oil contract falls below $80

Oil prices plunge over 5% on slower China demand fear
Source: Pixabay

The price of the main US crude oil contract, WTI, fell Friday below $80 per barrel for the first time since September on concerns about the global economy and rising numbers of Covid-19 cases in China.

Around 1305 GMT, a barrel of WTI for delivery in December was down 1.9 percent at $80.08, having briefly passed below $80 per barrel. Meanwhile, the main European contract, Brent for delivery in January, was down 1.6 percent at $88.33.


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Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

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