 "oil")
Crude prices suffered their biggest daily rout since the 1991 Gulf War on Monday as top producers Saudi Arabia and Russia began a price war that threatens to overwhelm global oil markets with supply.
A nearly 25% slump in oil prices triggered panic selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession.
Saudi Arabia and Russia both said they would raise production at the weekend after a three-year pact between them and other major oil producers to limit supply fell apart on Friday.
Moscow
A nearly 25% slump in oil prices triggered panic selling and heavy losses on Wall Street's main stock indexes as the rapid spread of coronavirus amplified fears of a global recession.
Saudi Arabia and Russia both said they would raise production at the weekend after a three-year pact between them and other major oil producers to limit supply fell apart on Friday.
Moscow
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