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May futures for West Texas Intermediate oil traded at 2 pm yesterday at negative 7 cents a barrel — far below the historic inflation adjusted low level $16.68 in Feb. 1946.

Tuesday, April 21, 2020
May futures for West Texas Intermediate oil traded at 2 pm yesterday at negative 7 cents a barrel — far below the historic inflation adjusted low level $16.68 in Feb. 1946.

May futures for West Texas Intermediate oil traded at 2 pm yesterday at negative 7 cents a barrel — far below the historic inflation adjusted low level $16.68 in Feb. 1946. See this chart. As WTI plummeted below zero, it dragged down other oil prices, spelling economic problems for such oil exporters as Venezuela and Russia. For Ukraine, an oil and gas importer, low prices pull down inflation and improve the balance of payments. Since the start of the year, the average price of A-95 + gasoline fell by 13% to UAH 25.68 /liter.

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Monday, April 20
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Kyiv and Kyiv region now have 1,105 cases, or 20% of the nation’s known total of

Kyiv and Kyiv region now have 1,105 cases, or 20% of the nation’s known total of

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Wednesday, April 22
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Germany’s Kostal Group is to invest €39 million to build an auto electronics plant in Dudarkiv, 15 km north of Kyiv Boryspil airport.

Germany’s Kostal Group is to invest €39 million to build an auto electronics plant in Dudarkiv, 15 km north of Kyiv Boryspil airport.

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