Global oil prices plunged over China demand concerns and European gas prices sank to their lowest levels since November 2021.
LONDON - Global oil prices plunged over China demand concerns and European gas prices sank to their lowest levels since November 2021 as mild winter weather reduced demand.
"While reliable data is seemingly hard to come by, the view appears to be that there'll be significant disruption in the coming months and then a recovery from around the middle of the year which should then boost demand," said Craig Erlam, senior market analyst at OANDA trading platform.
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