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	166,419.72 133.15M	0.14% 233.55
ALLSHR	100,871.92 395.66M	0.05% 48.64
KSE30	49,316.65 59.50M	0.05% 23.11
KMI30	239,907.60 63.28M	-0.05% -114.34
KMIALLSHR	65,473.69 245.25M	-0.00% -2.07
BKTi	45,849.28 9.86M	0.23% 104.46
OGTi	33,523.02 3.37M	-0.51% -171.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,620.00	81,795.00 80,850.00	20.00 0.02%
BRENT CRUDE	109.95	110.00 104.91	4.03 3.80%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.05 0.04%
ROTTERDAM COAL MONTHLY	145.10	0.00 0.00	0.15 0.10%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	99.04	99.34 95.29	2.54 2.63%
SUGAR #11 WORLD	20.85	21.01 20.47	-0.28 -1.33%