Oil plunges to 14-month lows as coronavirus spread outside China sparks demand fears

Oil plunges to 14-month lows as coronavirus spread outside China sparks demand fears
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02.03.2020

MOSCOW (MRC) -- Dated Brent was assessed by S&P GlobalВ at USD50.49/b Friday, the lowest since December 31, 2018 and down nearly 22% from January 20, reported S&P Global.Year-ahead Brent futures settled at a 19 cents/b contango to the front month Friday, flipping from a USD1.75/b backwardation February 21.The one-year NYMEX WTI spread finished Friday in a USD1.41/b contango, compared to a

Full article at mrcplast.com

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