US crude posts steepest weekly loss since 1991

US crude prices booked weekly loss of 29%, steepest since outset of US/Iraq Gulf War in 1991

Oil price: US crude futures for April fell $2.69, or 10.7%, to settle at $22.53 a barrel
Oil price: US crude futures for April fell $2.69, or 10.7%, to settle at $22.53 a barrelPhoto: REUTERS/SCANPIX
Published 20 March 2020, 21:29Updated 20 March 2020, 21:29