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Washington State Governor Jay Inslee (C) addresses the press during a visit by Vice President Mike Pence to discuss concerns over the coronavirus. Karen Ducey | Getty Images Public officials banned large gatherings in San Francisco and the Seattle area on Wednesday to try to contain the rapidly spreading coronavirus outbreak that’s infected more than
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The standoff between oil majors Saudi Arabia and Russia could “last a while” as they wait for each other “blink first,” an analyst said Tuesday. The oil markets tanked Monday, plunging over 20% amid already poor sentiment due to the coronavirus outbreak. The oil slump followed a disagreement on production cuts between OPEC and its allies. Russia declined to lower output last
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 111,300, according to data compiled by Johns Hopkins University. Global deaths: At least 3,892, according to data compiled by Johns
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Oil prices plunged 30% in early trading Sunday night as OPEC’s failure to strike a deal with its allies regarding production cuts sparked fears of a price war as Saudi Arabia reportedly gets set to ramp up production.  International benchmark Brent crude futures plummeted 30% to $32.05 per barrel. U.S. West Texas Intermediate crude dropped 27%
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Getty Images This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 95,700, according to data compiled by Johns Hopkins University. Global deaths: At least 3,280, according to data compiled by
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Seoul National University Hospital medical team exercise for COVID19 mild virus case before patient arrives at Seoul National University Hospital Mild Virus care center in Mungyeong, Northern Gyeongsang Province, South Korea, on March 4, 2020. Seung-il Ryu | NurPhoto | Getty Images Global cases: At least 93,000, according to the latest figures from the World Health
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