Oil slides on fears of lower fuel demand
Brent and WTI fall as China opts to omit an economic growth target for 2020
22 May 2020 - 07:44
Tokyo — Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user.
Brent crude fell $1.56, or 4.3%, to $34.50 a barrel by 3.23am GMT, after gaining nearly 1% on Thursday...
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