Oil prices slump as virus crisis worsens

Five platforms over the Johan Sverdrup oil field in the North Sea. Oil prices today slumped as demand falls since the pandemic. – AFP pic, March 30, 2020.

OIL prices slumped in Asian trade today, tracking falls on stock markets after a sharp escalation in the coronavirus crisis over the weekend.

US benchmark West Texas Intermediate fell 3.9% to trade at US$20 (RM87.10) a barrel, while international benchmark Brent crude was off 4.9% at US$23 a barrel.

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