Why is the price of oil going down?
Why is the price of oil going down? The price of crude fell below $23 a barrel at one point as demand plummets due to the coronavirus pandemic. Oil is also having a bad day. It's shot down to below $27 a barrel, as our graph shows. The Brent Crude futures price has fallen 0.93% to leave it at $29.77, the first time it's drifted below $30 since January 2016. What should I do if my oil pressure is low? If low engine oil pressure is indicated, safely bring your vehicle to a stop and do not restart your engine...