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| Brent, WTI oil futures CRASH 20% over OPEC deal failure & coronavirus fears | Brent, WTI oil futures CRASH 20% over OPEC deal failure & coronavirus fears |
| (32 minutes later) | |
| Oil prices plunged more than 20% in chaotic Asian market opening, with main crude benchmarks, Brent and WTI, trading below $35 a barrel amid fears of an all-out price war following the collapse of the OPEC output cut deal. | |
| Brent opened with a massive gap on Monday, withing seconds falling nearly 30 per cent to $32.05 per barrel, while WTI dropped some 27 per cent to around $30 – before slightly bouncing back to $35.3 and $32 respectively. | |
| DETAILS TO FOLLOW | DETAILS TO FOLLOW |