Decline in crude oil prices in Asian oil market

Crude oil prices fell in the Asian oil market due to lower demand due to the corona virus and new concerns about storage capacity despite a drop in production by a producing country.

                                                                                                                                                            West Texas Intermediate fell 9.3 percent to 15 15.36 a barrel during trading in Singapore on Monday morning. Brent North Sea crude traded down 3.2 percent at. 20.75 a barrel.