Demand collapse pins oil below $30 amid deepening global rout2 min read . Updated: 17 Mar 2020, 05:24 AM IST
With airlines cutting the number of flights daily and a growing number of European countries in lock-down, oil markets are heading for an unprecedented glut
Oil futures traded near a four-year low below $30 a barrel as the shut down of swathes of the world’s economy triggers a meltdown in global fuel demand.
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