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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KSE100 139,774.17
29.25M
0.98%
1361.92
ALLSHR 86,505.55
66.33M
0.94%
802.59
KSE30 42,693.97
14.83M
1.04%
439.12
KMI30 196,520.46
16.51M
1.24%
2410.87
KMIALLSHR 57,336.56
28.02M
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OGTi 28,016.06
5.74M
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575.43
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,165.00 119,430.00
117,905.00
1545.00
1.31%
BRENT CRUDE 72.22 72.82
72.21
-1.02
-1.39%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.85 70.41
69.83
-0.15
-0.21%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

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