Melbourne/Tokyo — Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating.

Brent futures were down 6.7%, or $1.68, to $23.25 a barrel as of 4.49am, after earlier dropping to $23.03, the lowest since November 2002...

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