Oil prices extend losses on price war, virus fallout
Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade.US benchmark West Texas Intermediate (WTI) briefly fell below US$30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing.It was trading at US$31.13 a barrel at around 0530 GMT, down nearly two percent from Friday's close.The Brent global benchmark was down 3.28 percent at US$32.7