Oil falls for fifth day as coronavirus spreads outside of China

TOKYO - Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand.

Brent prices have dropped 11% in the past five trading sessions through Thursday, the biggest five-day percentage loss since August 2019. WTI has declined 10.8% over the same period, also the biggest five-day percentage drop since August 2019. “Speculations that coronavirus may spread in the United States prompted a series of fresh selling,” said Kazuhiko Saito, chief analyst at Fujitomi Co.

China $ always demand your souls or lives. HK Govt $to HK people. It’s a bundled deal. Money to HK Police first - beat the hell out of HK people. So by August & after virus attack, not many alive for the money.

I fail to see a convincing correlation except market panic - which speaks tonnes about irrational investors, emotional market and pure absence of Adam Swift's mythical 'invisible hand'

This is good news.

Future CNN story: Trump spreading corona virus to keep oil prices low!

Oil was at $50 a barrel before this nonsense. Please report facts.

Is this the part in the movie where we all enter a desolate town on foot looking for survivors?

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