The novel coronavirus (COVID-19), which has caused low oil consumption and the rapid increase in crude oil stocks around the world, may soon push the price of international oil benchmark Brent crude below $10 per barrel, according to experts on Wednesday. 

The rapid spread of COVD-19 has lowered economic activity in many countries, caused weak oil demand, led to the incremental rise in the supply glut while heightening the risk of oil storage capacity hitting its limit.

Global oil stock capacity stood at 6.7 billion barrels, of which 42 billion barrels, or 63%, was full by the

Read more: Brent oil may soon hit below $10 a barrel: Experts