Oil prices hit 1990s low as coronavirus outbreak sinks demand

Oil prices hit 1990s low as coronavirus outbreak sinks demand

TOKYO (Reuters) – Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak. FILE PHOTO: A muddy run-off splashes beside an oil rig belonging to […]
Asia stocks on defensive as oil pain spreads

Asia stocks on defensive as oil pain spreads

TOKYO (Reuters) – Asian share markets were on the defensive on Wednesday as the floor fell out from under crude prices, sparking worries about further turmoil in the energy sector, already reeling from the heavy blow from global shutdowns. FILE PHOTO: People are...