World oil prices plunge over 7.5%

Oil prices dived more than seven per cent Friday on reports that talks between OPEC and Russia over a possible cut in output in response to a coronavirus-fulled slump in demand ended without a deal.

Brent North Sea crude tumbled to USD 46.12 per barrel and WTI to USD 42.30, down around 7.5 percent compared with Thursday's closing levels.