US oil closes just over $20, with worst fall since 1983

Oil futures retreat sharply in a dizzying rout amid global lockdowns intended to slow the spread of the Covid-19 pandemic

Oil price: Continued tumble on Wednesday — Oil price: Continued tumble on WednesdayPhoto: LUCAS JACKSON/REUTERS

Nassir Shirkhani
Kathrine Schmidt

London/Houston

oil Saudi Arabia Russia Goldman Sachs West Texas Intermediate

Published 18 March 2020, 17:25Updated 18 March 2020, 21:38