Oil prices tank 4% in coronavirus-fuelled rout

By 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	132,547.01 114.34M	-0.64% -856.18
ALLSHR	82,930.72 646.97M	-0.31% -257.33
KSE30	40,333.46 40.51M	-0.78% -317.99
KMI30	190,732.24 47.09M	-0.70% -1351.68
KMIALLSHR	55,692.79 328.74M	-0.28% -154.91
BKTi	36,153.95 7.18M	-0.74% -268.92
OGTi	28,282.92 7.85M	-0.54% -154.69

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,245.00	109,545.00 108,625.00	30.00 0.03%
BRENT CRUDE	70.54	70.56 69.85	0.39 0.56%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.76 67.78	0.42 0.61%
SUGAR #11 WORLD	16.19	16.26 16.08	0.06 0.37%