The price of a barrel of crude oil in the world market is still below US$ 30 a barrel, which has seen a continuous drop in the last few days.
Accordingly, the price of a WTI type of crude oil has reached US $ 23.38 a barrel.
A barrel of Brent crude oil was priced at US $ 28 and 62 cents.
Meanwhile, foreign sources said the coronavirus could lead to further drop in the demand for fuel.