Oil slips amid worry about demand slowdown from virus
Forecasts are that oil demand will grow only 60,000 barrels per day in 2020
27 February 2020 - 07:56
Tokyo — Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside China fuelled fears of a pandemic which could slow the global economy and lower crude demand.
Brent crude was down 63c, or 1.2%, at $52.80 a barrel at 0414 GMT. The contract earlier fell to as low as $52.57, the lowest since January 2 2019. West Texas Intermediate (WTI) futures fell by 65c, or 1.3%, to $48.08 a barrel. It earlier fell to as low as $47.84, the lowest since January 4 2019...
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