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	177,696.51 304.87M	0.21% 373.73
ALLSHR	107,705.18 655.88M	0.15% 159.56
KSE30	52,933.03 152.01M	0.35% 184.89
KMI30	251,798.59 90.78M	0.35% 875.46
KMIALLSHR	69,442.62 342.89M	0.12% 85.14
BKTi	50,491.32 102.65M	0.60% 299.36
OGTi	36,062.21 6.01M	0.11% 39.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,965.00	81,925.00 77,165.00	-2315.00 -2.88%
BRENT CRUDE	88.04	88.75 87.26	-0.48 -0.54%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.95 0.87%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.20 0.16%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	83.29	83.78 82.25	-0.24 -0.29%
SUGAR #11 WORLD	17.56	18.66 17.44	-0.63 -3.46%