Oil falls as global lockdowns increase
Crude has been plunging for four consecutive weeks and has given up about 60% since the start of the year
23 March 2020 - 08:03
Tokyo — Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction.
Brent crude futures fell $1.09, or 4%, to $25.89 a barrel by 4.09am. West Texas Intermediate (WTI) crude futures were down 15c, or 0.7%, at $22.48 a barrel...
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