S&P Global Platts: Crude Rout Extends As Coronavirus Spread Outside China Accelerates
February 29, 2020
February 29, 2020
NEW YORK, Feb. 29 -- S&P Global Platts, a subsidiary of S&P Global, issued the following news:
Crude oil futures settled at fresh 14-month lows Friday as the continued global spread of coronavirus fed fears of flattening demand and raised the specter of economic downturn.
ICE April Brent settled $1.66 lower at $50.52/b. NYMEX April WTI was $2.33 lower at $44.76/b at market close.
Globally, 84,161 cases of coronavirus have been confirmed in 59 countr . . .
Crude oil futures settled at fresh 14-month lows Friday as the continued global spread of coronavirus fed fears of flattening demand and raised the specter of economic downturn.
ICE April Brent settled $1.66 lower at $50.52/b. NYMEX April WTI was $2.33 lower at $44.76/b at market close.
Globally, 84,161 cases of coronavirus have been confirmed in 59 countr . . .