Crude oil prices tumbled on Friday and posted a fourth straight weekly loss as the deadly virus that has erupted from China and has spread to around 20 countries, escalated worries that oil demand in the world's top oil consuming regions could be reduced dramatically.
read more... 03/02/2020
Crude oil prices had the worst performance in three months on Thursday, as investors continued to worry about a sluggish demand for oil following the continued spread of coronavirus, with OPEC considering the possibility of an early meeting.
read more... 31/01/2020
Crude oil prices increased on Wednesday, due to a potential extension of crude output cuts by OPEC, which counterbalanced fears about the coronavirus spread.
read more... 30/01/2020
Crude oil prices edged higher on Tuesday, recovering from a five-day streak of losses, following a rally in global equity markets and on news that OPEC might extend its cuts amid fears the coronavirus could hurt oil demand.
read more... 29/01/2020
The anxiety over the global economic impact of a deadly virus sent oil prices more than two percent lower on Monday. Brent crude for March delivery slipped $1.37, or 2.3%, to settle at $59.32 a barrel, the lowest level since Oct. 21. U.S. WTI crude ended at $53.14 a barrel, down $1.05, or 1.9%, its lowest level since Oct. 2.
read more... 28/01/2020