Oil plunges posting fifth straight weekly loss despite stimulus efforts

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NEW YORK: Oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world. Both contracts are down nearly two thirds this year and the ...

from Google Alert - Business https://ift.tt/2UqYdaS
NEW YORK: Oil prices plunged 5% on Friday and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world. Both contracts are down nearly two thirds this year and the ... https://ift.tt/eA8V8J

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