Oil falls 1% as spreading virus compounds concerns over demand hit

Oil falls 1% as spreading virus compounds concerns over demand hit
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25.02.2020

MOSCOW (MRC) -- Oil prices fell around 1%, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market, said Hydrocarbonprocessing.Brent crude was down 64 cents, or 1.1%, at USD58.67 a barrel by 0703 GMT, while U.S. crude dropped 54 cents, or 1%, at USD53.3

Full article at mrcplast.com

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