The global death toll from the virus has surged past 14,400, with nearly a billion people confined and non-essential businesses shut in dozens of countries and growing fears about a recession.
Economists and analysts are now worried about how deep the impact of the pandemic could be on the global economy, with social distancing measures and lockdowns dealing serious blows to many industries.
Airlines have been hit particularly hard, with isolation measures shutting down routes and grounding fleets worldwide.
On oil markets, Brent crude sank 4.5% and West Texas Intermediate was down 0.25%
Oil has faced increased volatility in recent weeks not only because of coronavirus-fuelled worries about demand but also because of a price war between top producers Saudi Arabia and Russia.
