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Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak

Reuters India Friday, 22 May 2020 ()
Oil prices slumped on Friday after China's decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world's second-largest oil user.
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Video credit: Reuters Studio - Published
News video: China ditches GDP target for first time

China ditches GDP target for first time 01:27

China will refrain from setting a GDP target citing concerns over the coronavirus and global uncertainty, the country's premier said on Friday. Ciara Lee reports

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