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US oil price plunges into negative territory: ASX poised to open lower

21 Apr 2020 – The ASX looks set to open lower this morning. As demand for oil collapses during the coronavirus pandemic, oil has traded in negative prices for the first time in United States history. Back home Virgin Australia is expected to go into voluntary administration. Tower insurance (ASX:TWR) estimates the financial impact of cyclone Harold that passed through the Pacific Islands earlier this month is NZ$10 million.

Source: Finance News Network

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