Worries about lower demand in China keep dragging oil down
Brent and US West Texas Intermediate crude fall for a fourth consecutive week after airlines cancel flights
03 February 2020 - 08:17
Singapore — Oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, after a coronavirus outbreak there.
Brent and US West Texas Intermediate (WTI) crude fell for a fourth consecutive week last week after airlines cancelled flights to China. Supply chains across the world’s second-largest economy have also been disrupted, prompting its biggest refiner, Sinopec, to cut output...
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