Oil slips as US Senate delays vote on stimulus package

Oil prices have plunged in recent weeks as economies grind to a halt due to the Covid-19 pandemic, but the decline has also been fuelled by a price war between Saudi Arabia and Russia. – EPA pic, March 26, 2020.

OIL prices slipped back in Asian trade today as a Senate vote on a massive stimulus package to help the coronavirus-ravaged US economy is delayed.

US benchmark West Texas Intermediate was down 1.5%, changing hands for about US$24 (RM105) a barrel, while international benchmark Brent crude was down 0.4% at around US$27.

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