Oil Rates In Freefall As Pandemic Fears Grow

By Tsvetana Paraskova – Feb 27, 2020, 9: 00 AM CST

Oil costs continued plunging for a 5th successive trading session, dipping by more than 4 percent early on Thursday as the marketplace fears a coronavirus pandemic that could damage more oil demand in the coming months.

At 9: 27 a.m. EST on Thursday, WTI Crude was dropping by 4. Major Asian and European stock markets were deep in the red on Thursday and the Dow was set to open 450 points lower in what has actually been so far the worst week because the financial crisis

By Tsvetana Paraskova for Oilprice.com

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