Oil prices tank 4% in coronavirus-fuelled rout

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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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893.80M
0.13%
210.36
ALLSHR 100,785.80
1,526.08M
0.46%
459.02
KSE30 50,923.16
299.51M
-0.22%
-111.60
KMI30 241,650.72
154.62M
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833.69M
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31.25M
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Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,895.00 114,040.00
110,695.00
-2190.00
-1.94%
BRENT CRUDE 62.06 63.04
61.79
-0.33
-0.53%
RICHARDS BAY COAL MONTHLY 80.50 80.50
80.50
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 91.50 91.50
89.30
2.45
2.75%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 58.46 59.42
58.20
-0.24
-0.41%
SUGAR #11 WORLD 15.67 15.91
15.53
-0.21
-1.32%

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