Crude demand falls over Coronavirus fears, Saudis slash prices 30%, opening shots of oil price war

Global equity markets crash on virus fears, plunge in oil prices
PressTV 09 March 2020

Equity markets collapsed Monday as the rapidly spreading coronavirus fans fears for the global economy, while a crash in oil prices added to the panic with energy firms taking a hammering and wiping hundreds of billions off valuations.

Asia markets crash

Shares in the continent dropped on Monday, with major markets across the region seeing significant losses.

China stocks slumped, as fears over the economic impact of the global coronavirus epidemic were exacerbated by a crash in oil prices that battered financial markets around the world.