Oil plunges over 5% on OPEC reports, coronavirus


PTI, Mar 6, 2020, 5:15 PM IST

London: World oil prices, already slumping on coronavirus fears, extended losses to more than 5.0 per cent on Friday on reports Russia wants to delay deeper output cuts recommended by its OPEC allies.

In London morning deals, Brent North Sea crude dived to USD 47.02 per barrel, the lowest levels since July 2017.

WTI tumbled to USD 43.28 — the lowest since late 2018.

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Latest Additions

Kannada Sahitya Sammelana: Food distribution creates stir

Rohit gets hit in nets, practice pitches on slower side

India & Kuwait elevate ties to strategic level; ink defence pact after PM Modi meets top Kuwaiti leaders

In Kuwait, PM Modi meets yoga practitioner, other influencers from Gulf country

Notorious gangster wanted in UAPA case arrested at Nepal border

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