U.S. oil price plunges almost 40% to 22-year low

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U.S. oil dove to nearly $11 per barrel Monday, the lowest level since 1998, extending a dizzying plunge to almost 40 percent on abundant supplies and virus-sapped demand.
Just before 1200 GMT, the US benchmark West Texas Intermediate (WTI) crude for May delivery tanked to $11.31 per barrel, as the market was hit also by technical trade ahead of the contract’s expiration later today.
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