BUSINESS Oil prices fall sharply, WTI down more than 8%

BUSINESS

Oil prices fall sharply, WTI down more than 8%

AFP

08:47, April 06, 2020

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File photo

Oil prices fell sharply Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets.

US benchmark West Texas Intermediate was down 7.8 percent at the open in Asia, trading at $26.11 per barrel. International benchmark Brent fell 6.2 percent to trade at $31.98 per barrel.


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