Oil prices fall to lowest level in 18 years amid coronavirus pandemic

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Oil prices fall to lowest level in 18 years amid coronavirus pandemic
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  • 📰 The Independent
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Crude prices plunge as much of the world enters shutdown and economy looks set to contract sharply

The International Monetary Fund’s managing director Kristalina Georgieva said on Friday that it was “clear” the world economy had already entered a recession.That effect is forecast to be temporary but the impact on the oil industry is likely to be more permanent, according to analysts at Goldman Sachs.

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