Brent oil has sunk below $50 per barrel for the first time since December 2018, according to early trading on Friday, APA reports citing Sputnik.
According to trading data, global oil prices plummeted 4 percent amid market volatility caused by fears of the coronavirus spread.
Brent was at $49.64 per barrel as of 9:37 GMT which constitutes a 4.04% drop, while WTI dropped below the $45 mark to $45.04 per barrel.