Thursday, January 9, 2025
Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts-oil and gas 360

Oil falls as coronavirus hits demand; OPEC+ considers deeper cuts

Reuters LONDON – Oil prices fell on Monday, dragged down by concern over demand in China after the coronavirus breakout, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support. Brent crude LCOc1 was down $1 at $55.62 a barrel by 1434 GMT, its lowest since January last year. U.S. West Texas Intermediate