Oil plunges to lowest level in nearly 14 months
The crude oil market is watching for possible deeper output cuts by oil cartel Opec and its allies including Russia
27 February 2020 - 14:48
London — Oil prices fell more than 2% on Thursday, plunging for a fifth day to their lowest since January 2019, as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.
Brent crude was down $1.15, or 2.2%, at $52.28 a barrel at 11.50am GMT. West Texas Intermediate (WTI) futures fell $1.04, or 2.1%, to $47.69 a barrel...
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