Oil price falls on coronavirus demand concerns


Brent futures fell 98 cents, or 2.2%, to settle at US$43.31 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 83 cents, or 2.0%, to settle at $41.07.

NEW YORK: Oil prices fell 2% on Thursday as investors worried the U.S. Congress may not agree on a stimulus package and as jobless numbers rose, while analysts prepared to cut energy demand forecasts as the number of coronavirus cases surges higher.

That price decline came despite the benefit of a drop in the dollar to a near 22-month low.

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