The Dow plummeted more than 1,800 points at the open, dragged down by oil prices and growing coronavirus fears

March 9, 2020

After a surprising decision by Saudi Arabia to increase oil production in a bid to overtake Russia, the price of Brent crude oil fell nearly 30% — its biggest single fall since the start of the first Gulf war in 1991. This rattled stock markets, which were already under pressure from the global spread of coronavirus.

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