Oil prices slump as COVID-19 cases surge past 700,000 globally

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AFP/Spencer Platt/Files LONDON: Oil prices plunged Monday as the number of novel coronavirus cases worldwide surged past 700,000, reinforcing worries about the impact of the pandemic on the global economy. Stock markets reacted differently to the prospect of much of the world remaining in confinement for weeks to come, with some moving higher as officials moved to deal with the crisis, while others slid further.

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