US crude crashed to below $15 a barrel, its lowest level for over two decades, as concerns about a virus-triggered demand shock and lack of storage eclipsed an output cut deal.

West Texas Intermediate (WTI), the US benchmark, fell more than 19 per cent to $14.73 a barrel in early Asian trade, before markets steadied and it clawed back some ground to $15.78 a barrel.

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Opinion

Editorial

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