Oil plunges about 30% after Saudi Arabia slashes prices, opens taps
Brent crude futures fell by as much as $14.25, or 31.5%, to $31.02 a barrel, which was the biggest percentage drop since Jan. 17, 1991, at the start of the first Gulf War and the lowest since February 12, 2016.
Mar 09, 2020, 07:47 AM ISTUS oil price drops below $50 a barrel
Near 1630 GMT, US benchmark West Texas Intermediate for delivery in February briefly dipped to USD 49.95 a barrel, before rallying somewhat to USD 50.20 a barrel.
Jan 06, 2015, 13:08 PM IST