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Oil falls as spectre of China virus looms over fuel demand
January 23, 2020 | By Moneycontrol.com
business
Two Chinese cities that were at the epicentre of a new coronavirus outbreak that has killed 17 people and infected nearly 600 were put in lockdown on Thursday as health authorities around the world scrambled to prevent a global pandemic.
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Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. Brent crude futures were down $1.59, or 2.5%, at $61.62 a barre
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