As countries of the world continue to battle the spread of coronavirus , oil prices crashed below $20 amid a supply glut on Monday. Brent crude fell to $22.58 per barrel at one point on Monday, its lowest level since November 2002. The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic, analysts said. The price of U.S. West Texas Intermediate (WTI) fell below $20 a barrel, close to an 18-year low. Since the outbreak of the coronavirus, oil prices have fallen by more than half as companies cut back or close production. The crash in demand amid supply glut was made worse when a price war broke out earlier this month between OPEC and its allies. Saudi Arabia failed to convince Russia to back production cuts that had been […]