The biggest daily decline in world oil prices in a year and a half
European stock markets plunged by 12% after a new strain of corona virus was discovered in South African countries.
The biggest daily in the world market oil prices during the year and a half ..
The biggest daily drop in world oil prices in a year and a half, oil prices fell 12% after the revelation of a new strain of corona virus in South African countries, the worst decline in European stock markets. According to foreign media reports, markets in Western countries have been in a state of panic and uncertainty following reports of a new outbreak of the corona virus in South African countries.
According to foreign media reports, European countries suffered a sharp decline on Friday due to fears of a new outbreak of the corona virus, while the global oil market is also facing the worst recession in a long time.
It has been reported that the world market has witnessed the biggest daily decline in oil prices in a year and a half, with crude oil prices falling by 12%.
US crude fell more than ڈالر 7 a barrel to 70 70 a barrel. Brent crude also fell more than 8 8 a barrel to 73 73 a barrel. According to world media, the decline in crude oil prices is the biggest drop since April 2020, which is a year and a half later. On the other hand, due to fears of a new outbreak of the corona virus, many countries around the world have immediately imposed travel bans on seven South African countries.
According to foreign media, the new emergency travel restrictions have also created fear and uncertainty in the market. The 27 countries of the European Union, including Saudi Arabia, and several Asian countries have also immediately suspended flights from South Africa, Namibia, Botswana, Iswatini, Zimbabwe and Mozambique.