Oil prices rebound, but languish near 18-year lows
Oil prices clawed back some ground in Asian trade Tuesday after falling to 18-year lows, as the coronavirus pandemic brings economies worldwide to a standstill and throttles demand.
US benchmark West Texas Intermediate rose 2.9 percent to just over $20 a barrel while Brent crude, the international benchmark, was up 0.5 percent at nearly $23 a barrel.
In New York on Monday, prices struck their lowest levels since 2002, with WTI briefly falling below $20.
