Crude oil futures drop at open on grim demand outlook
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(Reuters) - Crude oil benchmarks slumped at the open of electronic trading on Sunday, extending last week's losses as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war continued unabated.In early trading, Brent futures fell 7.1% to $23.15 a barrel as of 6:13 p.m. EDT (2213 GMT), while U.S. crude futures lost 5.6%, or $1.17, to $20.34 a barrel. The oil markets are enduring a twin shock of demand destruction caused by the coronavirus pandemic and the Saudi-Russia price..