Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout
A pressure gaugue sits attached to crude oil pipework in an oilfield near Almetyevsk, Tatarstan, Russia. (Photographer: Andrey Rudakov/Bloomberg)

Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout

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(Bloomberg) -- Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual demand in history.
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