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Asian stocks plunge amid coronavirus scare, oil prices dive

Asian stocks plunge amid coronavirus scare, oil prices dive

Monday, March 9, 2020, 10:21 AM

Saudi-Arabia slashed its OSP for April for all its crude grades to all destinations, after OPEC's oil supply cut pact with Russia fell apart on Friday, sending oil into a tailspin. State-oil-giant Saudi-Aramco has set its Arab light crude-oil to Asia for April at a discount of $3.10 to the Oman/Dubai average, down $6 a barrel from March, the company said in a statement.
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