Oil prices tank 4% in coronavirus-fuelled rout

MG News | February 28, 2020 at 03:15 PM GMT+05:00

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February 28, 2020: 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.

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Name	Price/Vol	%Chg/NChg
KSE100	184,903.60 177.29M	0.21% 382.64
ALLSHR	111,900.69 426.31M	0.56% 626.96
KSE30	55,226.68 40.82M	0.26% 143.49
KMI30	262,163.50 49.55M	0.32% 848.99
KMIALLSHR	72,083.73 263.43M	0.54% 385.09
BKTi	51,715.81 12.04M	0.07% 34.87
OGTi	37,974.81 11.46M	1.84% 686.92

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,095.00	62,100.00 61,420.00	440.00 0.71%
BRENT CRUDE	71.66	72.49 71.35	-0.14 -0.20%
RICHARDS BAY COAL MONTHLY	107.50	0.00 0.00	-0.50 -0.46%
ROTTERDAM COAL MONTHLY	121.00	121.80 121.00	-0.10 -0.08%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	68.39	69.26 68.14	-0.30 -0.44%
SUGAR #11 WORLD	14.81	15.17 14.81	-0.18 -1.20%