Singapore-Sana
Oil prices tumbled more than 10%, recording the largest drop in a single day since April of last year, due to fears of the repercussions of detecting a new strain of the Corona virus.
Reuters reported that Brent crude futures fell $8.77, or 10.7 percent, to $73.45 a barrel.
West Texas Intermediate crude fell $9.12, or 11.6 percent, to $69.27 a barrel.
And oil fell with global stock markets on fears that the new strain of Corona “P1.1,529” could impose travel restrictions and undermine economic growth and fuel demand.