Energy markets headed into uncharted territory as crude prices slump

Aran News Saudi Arabia10 Mar, 2020News

Prices for Brent and West Texas Intermediate crude — the two leading benchmarks on global oil markets — fell by the biggest daily proportion in nearly 30 years, as leading financial analysts warned that further falls were in the offing. By the close of trading in the Middle East, Brent stood at $35.61 per barrel, down nearly 22 percent, with WTI at $32.45, down 23 per cent, having been almost 30 percent down earlier in the trading cycle.