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Oil prices fell nearly 3% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude. Brent crude was down $1.55, or 2.9%, at $51.88 a barrel at 1315 GMT. West Texas Intermediate (WTI) futures fell by $1.41 cents, or 2.9%, to $47.32 a barrel.
Continue reading Oil prices fall to their lowest in a year due to coronavirus impact
Oil prices fall to their lowest in a year due to coronavirus impact originally appeared on Autoblog on Thu, 27 Feb 2020 09:25:00 EST. Please see our terms for use of feeds.
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