Oil prices tank 4% in coronavirus-fuelled rout

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

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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KSE100 166,498.84
185.04M
-0.57%
-952.30
ALLSHR 100,481.40
703.99M
-0.51%
-519.61
KSE30 49,764.01
68.59M
-0.64%
-319.08
KMI30 240,340.56
94.21M
-0.36%
-880.32
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389.80M
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4.64M
-0.58%
-205.48
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,330.00 81,895.00
81,225.00
-290.00
-0.36%
BRENT CRUDE 106.82 107.49
106.26
1.10
1.04%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-6.70
-5.74%
ROTTERDAM COAL MONTHLY 108.25 108.25
107.25
0.00
0.00%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 98.12 98.72
97.23
-3.05
-3.01%
SUGAR #11 WORLD 15.00 15.42
14.92
-0.38
-2.47%

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