WTI oil price slides to lowest in 17 years

Benchmark WTI oil slumped to the lowest level since 2003 to just above USD 25 per barrel as the coronavirus slashes global demand for crude

WTI slid to USD 25.08 per barrel at one point before recovering slightly to trade at USD 25.55, down 5.19 per cent on Tuesday's close. Brent North Sea oil was down 3.0 per cent at USD 27.88 per barrel.