Oil price up but trades at low level of $27 a barrel

The price of oil has risen from its lowest level in 18 years as Middle East producers show signs of strain and the US gears up to fill its emergency reserves.
Oil price up but trades at low level of $27 a barrel
Thu, 19 Mar, 2020 - 16:47
Bloomberg

In the US, the Department of Energy is seeking to buy 30m barrels of oil for the strategic petroleum reserve. Picture: AP
In the US, the Department of Energy is seeking to buy 30m barrels of oil for the strategic petroleum reserve. Picture: AP

The price of oil has risen from its lowest level in 18 years as Middle East producers show signs of strain and the US gears up to fill its emergency reserves.

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