Oil slips on China virus and demand concerns
China, the world's greatest consumer of oil, has 10 cities on partial lockdown due to the virus; Opec+ is expected to extend supply cuts from March
24 January 2020 - 12:34
London — Oil slipped towards $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.
The virus has prompted the suspension of public transport in 10 Chinese cities. Health authorities fear the infection rate could accelerate over the Lunar New Year holiday this weekend, when millions of Chinese travel to their homes and abroad...
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