WASHINGTON (Reuters) - The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday.
Spot rubber prices were not available as local trading houses remained closed following the nation-wide lockdown.
The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday, its lowest level since November 2002.
Tokyo Commodity Exchange (TOCOM) futures plunged to an 11-year low on Monday as the coronavirus pandemic worsened and lockdowns tightened across the world, raising concerns over slower demand and prompting a flurry of fresh selling.
Monthly Overview of NR Economy -The period since the beginning of March has seen almost the whole world coming to a standstill as the COVID-19 virus assumed a global pandemic with no certain end in sight.
(Reuters) - Crude oil benchmarks dropped on Monday, extending last week’s losses as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating.