Oil falls for fourth week; U.S. crude posts steepest weekly loss since 1991

U.S. crude tumbled 10.7% on Friday and posted its biggest weekly decline since the 1991 Gulf War as the coronavirus epidemic dried up global demand and as officials in Washington said an envoy would head to Saudi Arabia to deal with fallout of a Saudi-Russia oil price war.

from Reuters: Business News https://ift.tt/2wrxGkf