Sunday, March 8, 2020

Oil plunges about 30% after Saudi Arabia slashes prices, opens taps

Brent crude futures fell by as much as $14.25, or 31.5%, to $31.02 a barrel. That was the biggest percentage drop since Jan. 17, 1991, at the start of the first Gulf War and the lowest since Feb. 12, 2016. It was trading at $35.75 at 0114 GMT.

from Moneycontrol https://ift.tt/2vSGhMy

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