Global stock markets and oil prices slide as virus impact mounts

New York (AFP) – Global stocks sank Wednesday as COVID-19 infects the global economic outlook, while oil prices slumped as OPEC-led output cuts were deemed insufficient to soak up a supply glut.Sentiment turned sour Wednesday on grim warnings over the economic impact of the coronavirus, which emerged in China and has so far killed more than 131,000 people and infected more than two million globally.The International Energy Agency said 2020 was likely to be “the worst year in the history” of the sector.The IEA put the drop in demand at 29 million barrels per day in April, far more than a daily …

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