Oil Prices Plunge after Producers’ Meeting DelayedOil prices fell as much as $3 a barrel in early Asian trading on Monday, after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
Brent crude traded lower by $2.39 a barrel, or 7 per cent, by 6:16 p.m. EDT (10:16 GMT) after earlier touching a session low of $30.03 a barrel.
Covid-19 Cases Pass 1,2 M, Over 65,000 KilledMore than 1,200,000 people are infected with the novel coronavirus and more than 65,600 others have died of the disease caused by it around the world, according to www.worldometers.info.
US COVID-19 Death Rise by 1,000 in Single DayThe US death toll from Covid-19 rose by 1,000 in a single day for the first time, making the Trump administration to join local officials in advising Americans to wear masks when venturing out during the still-exploding coronavirus pandemic.
Venezuelan President Nicolas Maduro called his Brazilian counterpart Jair Bolsonaro “a Hitler of the modern era,” after the right-wing leader refused to recognize his presidency and openly backed the Venezuelan opposition.
The Brazilian justice minister has, in collaboration with prosecutors, fabricated a case against ex-president, Luiz Inacio Lula da Silva, and convicted him of corruption in a scheme meant to prevent the popular politician from running for the 2018 presidential election, Leaked documents revealed.