Wednesday, April 22, 2026
Oil snaps 5-day rally as virus continues to weigh on demand- oil and gas 360

Oil snaps 5-day rally as virus continues to weigh on demand

Houston Chronicle A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus. Brent futures fell 1.8% to trade below $57 a barrel in London. Citigroup Inc. said that markets are overconfident in expecting a v-shaped recovery and oil prices are likely to