US oil benchmark plummets to below $3 per barrel in new record low

West Texas Intermediate oil prices have fallen to $2.28 per barrel, reaching a new low for the US benchmark as the market continues to crater amid the general economic collapse.

Vanishing demand due to coronavirus-related lockdowns and travel restrictions and a glut of supply have combined to heavily tank the US benchmark fuel, as prices dropped from $18.27 to below $3 on Monday - down 83 percent from the previous day’s close.

https://www.rt.com/usa/486368-us-benchmark-oil-price-plummets/

Subject: In-town pool report #3

Niels Lesniewski

Sent: Monday, April 20, 2020 1:28 PM

Subject: In-town pool report #3

Deputy Press Secretary Judd Deere passes along the following:

Yesterday, President Donald J. Trump spoke by phone with Governor Kevin Stitt of Oklahoma to commemorate 25 years since the Oklahoma City bombing of April 19, 1995 where 168 were tragically killed, including 19 children. President Trump offered his full support for the victims and their families who still grieve for the loss of their loved ones. The President and the Governor also discussed the Federal-State partnership and response to COVID-19. The President praised the work of Governor Stitt, local officials, and all Oklahomans to slow the spread and keep numbers low. The Governor thanked the President for his attention to Oklahoma and pledged to continue to be a good partner with the Administration.

–

Niels Lesniewski

Chief Correspondent, White House & Congress | CQ Roll Call

E: xxx@cqrollcall.com (mailto:xxx@cqrollcall.com)

P: 202-xxx-xxxx

https://publicpool.kinja.com/subject-in-town-pool-report-3-1842965027