Oil falls after Washington imposes travel restrictions on Europe

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Oil prices fell for the second day in a row, Thursday, in light of a general decline in global markets, after Washington imposed a travel ban from Europe.”Brent” was trading at 34.14 dollars a barrel, a decrease of 4.6%, and crude fell about 4% on Wednesday. While US crude fell 4.2% to $ 31.60 a barrel, after falling 4% in the previous session.

The two benchmarks were about 50% lower than highs reached in January, and on Monday they recorded the biggest one-day drop since the 1991 Gulf War after Saudi Arabia launched a price war.Global stocks also fell on Thursday, after US President Donald Trump said the United States would suspend travel from Europe, as part of measures to contain the outbreak of the Corona virus.

Source:
Russia Today





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