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USa plans to halt oil imports from Saudi Arabia

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WASHINGTON: President Donald Trump has indicated he is considering stopping oil imports from Saudi Arabia after crude oil prices fell less than a dollar in the United States.
The President said that the United States has added 75 million barrels of oil to its strategic reserves and that the historic fall in oil prices will be further exploited.
The US oil market crashed yesterday and West Texas crude oil prices fell into the negative zone for the first time in history.
In the US market, crude oil deals for delivery in May were set at minus one dollar and the Senate in the 18th.
Crude oil prices fell more than 100 percent in the market. Experts say oil reserves in the United States are full if not sought.
Oil refineries are running out of storage, and dealers in the market are not ready to buy crude oil for free.
According to Bloomberg, this is the highest decline in a single day since 1940. The US crude price for delivery in June is twenty-one dollars sixty cents a barrel.
Meanwhile, deals for the Brent North crude oil in the UK are currently bargaining at $ 26 for twenty-three cents. In the UK, the decline in crude oil ..
prices has been recorded at one dollar fifty cents.


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