Crude futures tumbled more than $10/b Monday as Saudi Arabia slashed official selling prices, extending a selloff that has largely been in place since late January. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX front-month crude settled at $31.13/b, down $10.15 (25%), while ICE front-month Brent settled at $34.36/b, down $10.91 (24%). Crude futures have fallen roughly 47% since January 20, when commodities markets first began reacting to demand destruction caused by the coronavirus outbreak. The most recent, and dramatic, decline Monday was sparked by expectations that producers would follow Saudi Arabia’s lead, driving prices lower in a battle for market share. Saudi Arabia slashed its prices over the weekend after OPEC and its allies last week failed to come to an agreement on […]