Hysteria’ as stock markets plunge over oil, Covid-19

Hysteria’ as stock markets plunge over oil, Covid-19

Malaysia today - World·2020-03-11 18:44

(NST) – World oil prices crashed on Monday, fuelling a vicious selloff on stock markets which were already buckling from the spreading Covid-19 coronavirus outbreak.

Stocks tanked as the global oil market nosedived 30 per cent at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.

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