Energy
Oil prices plunge further
In China, there were 125 new virus cases on Friday, the highest since mid-January, with authorities reportedly launching new restrictions, including flight cancellations, warnings by 46 cities against travel, and limits on public transport and taxi services in 144 of the worst-hit areas.
Meanwhile, daily new virus cases in the U.S have climbed to a six-month high, with more than 100,000 infections reported nationwide.
Thursday, however, the oil markets attempted a rebound after cross-border hostilities between Israel and Iran accelerated as both sides engaged in rocket exchange after a tanker off the coast of Oman was attacked last week.
At around 04:00 AM GMT, WTI crude shed 2% to $66.94 a barrel, while Brent oil lost 1.9% to $69.4 a barrel.
The West Texas Intermediate (WTI) benchmark for US crude is the world’s most actively traded commodity.
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Paris 2024 Olympic table tennis draw announced
