8:08 AM · 23 January 2020

BREAKING: Oil prices crash as virus spreads

A decision from Chinese authorities to close the Wuhan city in order to prevent further spreading of the coronavirus had a massive impact on the oil market. The Chinese will start a week-long Lunar New Year this Saturday and virus may discourage them from traveling. The longer the situation lasts, the more it could hurt the oil market where prices have tumbled to the lowest level since early December.

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