LONDON - Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fueled fears of a pandemic that could slow the global economy and dent demand for crude.
For the first time since the start of the coronavirus outbreak erupted in China, the number of new coronavirus infections outside the country exceeded new Chinese cases. “The negative price impact would intensify if the coronavirus were declared pandemic by the World Health Organization, something that looks imminent,” said PVM Oil Associates analyst Tamas Varga.
It would be a shame for OPEC to have to cut back on their cocaine and human trafficking expenditure.
when will gas prices follow because gas prices sure as hell aren't going down
And our petrol price just keeps on rising..,
We are going to go to $44. You heard it here.
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