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Oil falls for third straight day, Brent crude set for worst week since 1991

For the week, Brent is set to fall 28 per cent, the biggest weekly decline since the week of Jan. 18, 1991

oil, prices, crude
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Reuters Tokyo
Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and US crude heading for the worst week since 2008 as panic about plunging demand from the coronavirus outbreak grips the market.

Brent crude was down 67 cents, or 2 per cent, at $32.55 a barrel by 01:26 GMT after falling more than 7 per cent on Thursday.

For the week, Brent is set to fall 28 per cent, the biggest weekly decline since the week of Jan 18, 1991, when it fell 29 per cent at the outbreak of the first

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