US oil contract WTI slides 5% as equities slump
AFP
13:15, Mar 13, 2023
File photo: CGTN
Oil prices tumbled Monday, with the main US crude contract WTI briefly shedding five percent following a slump for equities caused by the SVB bank collapse.
West Texas Intermediate slid to $72.80 per barrel and European benchmark, Brent North Sea crude, retreated 4.5 percent to $79.07.
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