The price of crude continued to plunge on Monday, dragged down by fears of the deadly coronavirus outbreak, raising concerns about the global economic growth. International benchmark Brent crude was down 2.95 percent to $58.90 a barrel, after hitting $58.68 earlier, the lowest level since late October. US West Texas Intermediate crude nosedived more than three percent to $55.52, after falling to a four-month low of $52.1 a barrel. The coronavirus could cut into demand by around 260,000 bpd and reduce oil prices by about $3 per barrel, according to a report from Goldman Sachs. Also on rt.com
Hence then, the article about oil prices plummet over fears of coronavirus outbreak spreading was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oil prices plummet over fears of coronavirus outbreak spreading )