U.S. oil plunges to 18-year low as lockdowns trigger market meltdown
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NEW YORK (Reuters) - Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse. With governments worldwide urging residents to limit gatherings and isolate themselves, global oil demand by the end of March could fall as much as 8 million to 9 million barrels per day (bpd), Goldman Sachs said. Investors broadly fled risky assets again on..