Post Tagged with: "china virus"

Source Houston Chronicle

Oil falls to three-month low as virus spread raises demand fear

Houston Chronicle

(Bloomberg) — Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply.

Futures plunged more than 3% as China reported an increase …

January 27, 2020 - 10:30 am China, Closing Bell Story‎, Commodity Pricing, Crude Oil News
Source: CNBC

Oil drops the most since May on fears coronavirus will hit growth


Oil is on track for its worst week since May as the coronavirus outbreak continues to pressure prices.

A slowdown in China’s economy would impact demand because China is the world’s largest crude oil importer, after importing a record

Source: Reuters

Oil falls below $61, heads for weekly loss on China virus concerns


LONDON – Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, outweighed the impact of cuts to supply.…

Source: Reuters

Oil falls 3% as specter of China virus threatens fuel demand


NEW YORK – UPDATED– Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. …