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Oil prices skid 2%, extending slide as China virus spreads

Oil prices skid 2%, extending slide as China virus spreads

Monday, January 27, 2020, 8:27 AM

Oil-prices slumped a further 2% to multi-month lows as the rising number of cases of the new China-virus and city-lockdowns deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market. Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman Al-Saud said he was watching developments closely in China and said he felt confident that new-virus would be contained.
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