Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led the losses, with WTI for June delivery falling over 16 percent to $14.47 per barrel. Meanwhile, the cost of Brent crude oil dropped more than three percent, trading below $21 a barrel. The drop in crude prices comes amid concerns that the supply glut shows no signs of easing, as producers continue to pump oil while facilities used to store the commodity are rapidly filling up. Also on rt.com
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