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Brent oil dives over 7% to lowest since 2003
AFP
Last Updated IST
Representative image. (Credit: AFP Photo)
Representative image. (Credit: AFP Photo)

Oil prices slumped anew on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as the coronavirus crisis paralyses global demand.

Around 1435 GMT, Brent for May delivery was down 7.33 percent from Thursday, at 24.41 dollars a barrel. West Texas Intermediate fell 5.97 percent to 21.25 dollars.

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(Published 27 March 2020, 20:43 IST)