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Oil rates drop, Trump threatens to not sign COVID-19 relief bill

Oil rates drop, Trump threatens to not sign COVID-19 relief bill

The Oil rates fell on early Wednesday right after the industry showed a big surge in the oil stocks. The crude oil fell by 46 cents, more specifically $46.56 a barrel. As per the Brent crude futures, they dropped 46 cents, one barrel for $49.62. This unexpected decline in the crude oil prices has caused Donald Trump to get angry, which is why he made an announcement where he has threatened the markets to not sign the COVID-19 relief bill. His move has flustered the markets.

Sanika Abhyankar

Sanika Abhyankar is a Mass Media and Communication student at Ruia College, Mumbai. Sanika is keen on pursuing International Affairs in the near future. She is an optimist who loves to debate and is fond of watching romantic comedies. She is also a fashion enthusiast. Sanika is currently working as a Journalist at India Shorts and can be contacted through sanikaapersonal@gmail.com