Share this article

Oil prices fell again on Monday, 4 May, following a drop in demand, provoked by US-China trade tensions that could impede economic recovery, even as Covid-19 pandemic eases, Reuters reports.

US West Texas Intermediate crude CLc1 futures, which fell to $18.10 a barrel earlier this year, were 5.1% lower, having fallen to $18.77 at 06.58 GMT on Monday, after benchmark contracts rose 17% last week, according to Reuters.

The Brent crude LCOc1 futures were 0.4% down at $26.34, after reaching an earlier low of $25.50.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData