London — Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were forced to shut down, stoking the expectation of slowing oil demand.

Brent crude fell by $1.79 a barrel, or 2.95%, to $58.90 by 9.03am GMT, its lowest since late October. Oil prices last fell below $60 on November 1...

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