Sri Lanka, July 12 -- World oil prices continue to fall due to the global spread of the corona virus.

The price of a barrel of Brent crude fell about 2 percent to $ 41.72 yesterday, and the U.S. WTI. Oil also fell 1.72 percent to $ 38.92 a barrel.

Meanwhile, Saudi Arabia's and OPEC and other oil - producing countries, including Russia, are set to cut production further to keep prices down.

The American Wall Street Journal reports that they will take that step from next month.

Published by HT Digital Content Services with permission from Hiru News....