US benchmark WTI oil collapsed to $0.01 a barrel in New York as the coronavirus epidemic ravaged the oil market. Also Read: Oil prices tumble to $11 amid oversupply, fall in demand due to coronavirus A major supply glut and the coronavirus epidemic which has led to a fall in demand led to a crash in prices never seen before in the international oil prices.

Amid coronavirus pandemic, US benchmark WTI oil collapses to $0.01 a barrel

001-per-barrel

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001 per-barrel

Amid coronavirus pandemic, US benchmark WTI oil collapses to $0.01 a barrel