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Oil price glut

The global economy is reeling from the effects of the coronavirus pandemic. For the first time in history, the price of US crude oil turned negative as demand wiped out amid a shortage glut and a plunging economy. The West

Crude price surge as top oil producers agree historic cuts

LONDON: Global crude prices went soaring on Monday as oil-producing countries agreed on historic output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war The US benchmark WTI climbed 7.7 percent to $24.52 a

PSX plummets as global markets crash, oil prices plunge

KARACHI: The Pakistan Stock Exchange plummeted on Monday as global markets crashed amid rising fears of the spread of coronavirus and its effects on the global economy. The stock market received a hammering with a crash in oil prices creating