Oil prices fall on virus fears and ample supply
Brent crude and WTI hit seven-week lows in early trade, with JPM predicting an oil ‘price shock’ if a SARS-style epidemic develops
23 January 2020 - 12:28
London — Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the severe acute respiratory syndrome (SARS) epidemic nearly 20 years ago.
Brent crude futures were down 76c, or 1.2%, at $62.45 a barrel by 9.50am GMT, having earlier touched their lowest since December 4 after losing 2.1% in the previous session...
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