Oil Slides on Renewed Demand Woes


Oil prices slid Thursday, paring nearly all of their weekly rebound as traders weighed signs that fuel demand and economic activity could fall even more than feared due to the coronavirus.

U.S. crude-oil futures fell 7.7% to $22.60 a barrel on the New York Mercantile Exchange, dropping back toward the 18-year low they hit last week and extending a stretch of extreme volatility. Prices are down 63% for the year, slammed by an unprecedented decline in fuel consumption globally and a price war between Saudi Arabia and Russia…



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