Coronavirus affects oil demand, Opec+ viewing deeper cuts


Man, for the history books:

Dateline 2020-02-03, FMT:

Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by Opec and its allies offered some price support.

Brent crude was down 48 cents at US$56.14 a barrel by noon, having earlier lost more than US$1 to its lowest since January last year at US$55.42.

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This entry was posted on Monday, March 30th, 2020 at 6:29 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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