		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Asian stock markets have fallen sharply reflecting a downturn in global oil prices.</p>
<p>There are fears a global economy weakened by the coronavirus outbreak might be awash in too much oil as the price of US crude fell 26%.</p>
<p><!--Ads1--></p>
<p>On Monday, Tokyo’s benchmark tumbled 6.2%, while Sydney fell 6.1%, Seoul sank 4.4% and Hong Kong lost 3.9%. Shares also sank in Middle East trading on Sunday.</p>
<p>Markets already were troubled by the potential impact of the virus outbreak that began in China and has disrupted travel and trade.</p>
<p>Saudi Arabia, Russia and other oil producers are arguing over how much to cut output to prop up prices.</p>
<p>US crude fell 26% or 10.75 dollars (£8.23) to 30.57 dollars (£23.39) per barrel in electronic trading on the New York Mercantile Exchange.</p>
<p><!--Ads2--></p>
<p>Brent crude, used for international pricing, dropped 25%, or 11.40 dollars (£8.23) to 33.87 dollars (£25.92) per barrel.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed613e50380">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed613e50380',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
