Oil set for worst week in almost 30 years
Brent declines more than 1% as WTI heads for biggest weekly loss since 2008
13 March 2020 - 08:37
Tokyo – Oil fell a third day as the horror show for crude investors continued on Friday amid panic about evaporating demand from the coronavirus pandemic, with Brent set for its biggest weekly loss since 1991 and US crude heading for its worst week since 2008.
Brent crude was down 47c, or 1.4%, at $32.75 a barrel by 3.17am GMT after falling more than 7% on Thursday. For the week, Brent is set to fall nearly 28%, the biggest weekly decline since the week of January 18 1991, when it fell 29% at the outbreak of the first Gulf War...
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