ZCZC
BCN-07
WORLD-ENERGY-OIL-PRICE
Oil prices tank 4.0% in coronavirus-fuelled rout
LONDON, Feb 28, 2020 (BSS/AFP) – Oil prices dived four percent on Friday to trade at their lowest levels for more than a year, as the coronavirus crisis continued to spark panic over crude demand.
In morning deals, Brent oil for April delivery sank as low as $50.05 per barrel, while New York’s WTI crude for the same month tumbled to a trough of $44.95.
BSS/AFP/MMA/1616HRS