Oil tumbles below $30 a barrel as rout deepens

Oil futures plunged below $30 a barrel on Monday amid a worsening rout brought on by the spread of the Covid-19 virus and an impending deluge of fresh supply

Oil price: continued to tumble on Monday as governments ramped up coronavirus measures — Oil price: continued to tumble on Monday as governments ramped up coronavirus measuresPhoto: AP/SCANPIX

Nassir Shirkhani

London

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Published 16 March 2020, 18:28Updated 16 March 2020, 18:28