Oil prices has plunged by 30%, the biggest fall since 1991, as Saudi Arabia slashes prices.
Energy correspondent at Bloomberg, Javier Blas tweeted:
“The #oil market has opened with Brent and WTI plunging more than 30% immediately, the largest one-day drop since Jan 17, 1991 (the start of the Gulf War). Although they are both a bit higher now, still down more than 20% now (after a 10% drop on Friday)”
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