U.S. crude prices on track for new 18-year low

WALL STREET JOURNAL đź”’| U.S. crude prices are on track to hit a new 18-year low Friday, putting the energy market on course for another bruising weekly loss as the coronavirus pandemic erases demand for oil. The May contract for West Texas Intermediate futures, considered the benchmark for U.S. crude prices, dropped 5.6% to $18.77 a barrel, its lowest level since January 2002. The gauge has lost more than two-thirds of its value since the start of the year.

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