Here are the latest global developments related to the Covid-19 pandemic: - Oil extends rout - Brent crude plunged more than 12% to below $17 a barrel while US oil erased early gains and fell, as the coronavirus strangles demand and ravages energy markets, while storage facilities approach full capacity.
On another day of volatile trading, US benchmark WTI surged in early Asian deals while Brent also edged up on news that top producers had held talks -- only for prices to suddenly change course.
Australia, meanwhile, said it will take advantage of record low oil prices to develop a long-needed strategic oil reserve, which will be located in the United States. - US state sues China- The US state of Missouri sued China's leadership over the