Oil prices slide nearly 4% bringing US "NYMEX" crude to US$ 38.25 a barrel

08-09-2020


Oil prices slid during Tuesday's trading as Nymex crude fell more than 3.8% to US$ 38.25 a barrel pressured by concerns that a recovery in demand could weaken.
Brent crude benchmark futures of November delivery, fell 1.5% to US$ 41.39 a barrel after a fall by 1.5% on Monday.
On his part, Russian Energy Minister "Alexander Novak" stressed in statements reported by Reuters, the need for Russia and other producers to recover their market share as soon as demand recovers at pre-pandemic levels.


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