As the spread of novel coronavirus (Covid-19) continues to keep global oil demand low, coupled with additional oil that will join the flood which is already sweeping the market in April, crude oil prices now face the risk of falling below $20 per barrel, according to experts.

Due to coronavirus-related weak oil demand and the Saudi-Russian price war for a larger share in the global oil market, price of the international benchmark Brent crude declined below $25 per barrel on March 18.

Although the governments try to stimulate economies by fiscal policies and central banks by monetary policies, crude

Read more: Coronavirus threat may push oil below $20/bbl: Experts