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Oil prices plummeted around 30% on Monday, with U.S. oil heading for its biggest loss on record, after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April.

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Coronavirus live updates: Wuhan shuts down 11 makeshift hospitals as China cases slow  CNBC In U.S., Cases of Coronavirus Cross 500, and Deaths Rise to 22  The New York Times Live updates: Global markets plunge as coronavirus fear unleashes oil-price war  The Washington

Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia.

State Department: US citizens ‘should not travel by cruise ship’ amid coronavirus outbreak  USA TODAY Passengers aboard cruise ship off California amid coronavirus outbreak to be transferred to military posts …  Fox News Grand Princess cruise ship to offload in Oakland |

Wall Street looked poised for a sharp drop on Monday morning after the outbreak worsened in Europe and the U.S. Oil prices and bond yields tumbled.

(BEIJING) — Asian stock markets plunged Monday after oil prices nosedived on worries a global economy weakened by a virus outbreak might be awash in too much crude. Tokyo’s benchmark tumbled 6.2%, while Sydney fell 6.1%. Seoul sank 4.4% and

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A president who is at his strongest politically when he has a human target to attack has found it harder to confront a growing outbreak that has rattled the country.

Oil prices plunged around 25% on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.