Oil Drops to 12-Month Low on Coronavirus Concerns - The Wall Street Journal

U.S. crude hit its lowest price in more than a year on Wednesday as concerns about the spread of the coronavirus outside China once again dragged markets down and began to affect operations of some key oil players in Europe.

The main U.S. oil-price gauge, West Texas Intermediate, was down 1.7% at $49.04 a barrel, on course for its lowest closing price since January 2019. Brent crude, the global benchmark, fell 2% to $53.20 a barrel.

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February 26, 2020 at 09:09PM
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Oil Drops to 12-Month Low on Coronavirus Concerns - The Wall Street Journal
"oil" - Google News
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