EU intends to extend Lockdown measures, pressures global crude oil to drop 1%
According to the market of crude oil on March 22nd, the crude oil prices showed a decline of around 1%, mainly because of the increasing worry for the future crude oil demand.
Among them, the crude oil price on the New York West Texas for April has decreased by 1.1%, came to US$60.74/barrel, and the price on Brent Crude for May also showed a 0.9% decline, came to US$63.93/barrel.
The increasing worry for the future crude oil demand from the market was because that the German government intended to extend its lockdown measures to prevent the epidemic to extend, which might continue to restrict the commercial activities.
