OIL IS ON TRACK FOR ITS WORST WEEK SINCE JULY AMID CORONAVIRUS FEARS

REUTERS/Balazs Koranyi Oil prices fell Friday and are on track for the worst week since July amid fears that China's Wuhan virus will damage global demand. Futures of West Texas Intermediate crude slipped 2.72% to $54.08 per barrel, and ICE Brent crude fell 2.6% to $60.44 per barrel as of 12:22 p.m. in New York. Chinese stocks also fell. The outbreak of coronavirus has disrupted the Lunar New Year, an important holiday where hundreds of mil...

BusinessInsider (Date:01/24/2020 19:30) Read full article >>

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