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Oil prices slump as virus-related demand concerns resurface

Oil prices tumbled around 7% on Thursday, fueled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while the United States saw another large build in crude inventories. U.S. coronavirus cases surpassed 2 million on Wednesday, according to a Reuters...

Turkey snubs Egypt's Libya initiative, prefers UN-led truce

Turkey Thursday rejected an Egyptian peace initiative in Libya after a series of military victories by forces loyal to Tripoli against strongman Khalifa Haftar and said it favored a binding ceasefire under UN auspices. "The call for ceasefire or the joint declaration, to us, is stillborn....