U.S. oil prices had their worst week since 2008, when the global financial system was melting down, as the coronavirus-driven selloff in risky assets accelerated.
West Texas Intermediate, the U.S. crude benchmark, fell 4.95% on Friday to close at $44.76 a barrel, the lowest price in over a year. Friday’s decline contributed to a weekly loss of 16.15%, the biggest weekly decline since December 2008.
Brent,…
