Coronavirus and oil: Why crude has been hit hard

  • 2020-02-04 16:11:35
The world's biggest oil producers could be about to slash output as they grapple with the fallout of the coronavirus. Representatives of oil producers' cartel Opec and its allies are expected to meet this week as calls grow for action to support oil prices. The cost of crude has hit its lowest level in a year after falling 20% since its peak in January.

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