Oil sinks 4% on demand concerns as coronavirus spreads - News Daily

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Monday, February 24, 2020

Oil sinks 4% on demand concerns as coronavirus spreads

By Stephanie Kelly NEW YORK (Reuters) - Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Global equities also extended losses as worries about the impact of the virus grew, with the number of cases jumping in Iran, Italy and South Korea.

The post Oil sinks 4% on demand concerns as coronavirus spreads appeared first on Firstpost.



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