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New York Stock Exchange Opens Following Historic Drop in Oil Prices - Video

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Earlier in the day, the price of Brent oil fell below $25 per barrel for the first time since 1 April, while WTI fell into negative territory again. 21.04.2020, Sputnik International

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New York Stock Exchange Opens Following Historic Drop in Oil Prices - Video

13:34 GMT 21.04.2020 (Updated: 05:42 GMT 04.06.2023)

© REUTERS / Lucas JacksonA trader puts on his jacket on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York, U.S., March 20, 2020

A trader puts on his jacket on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York, U.S., March 20, 2020 - Sputnik International

Earlier in the day, the price of Brent oil fell below $25 per barrel for the first time since 1 April, while WTI fell into negative territory again.

The New York Stock Exchange opens its doors on Tuesday following an historic drop in oil prices amid lowering demand for energy.

US crude prices plunged below zero per barrel on Monday, dragging down the general market as well, as the Dow Jones Industrial index dropped by 2.44%.

This comes as OPEC+ members along with several other oil-exporting countries struck an agreement to reduce global crude output between 2020 and 2022 on 12 April after the price of black gold dropped to a nearly two-decade low.

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