The outbreak's impact "on the global demand for oil is extremely limited, said Saudi Energy Minister Prince Abdulaziz bin Salman to reporters on Monday (Jan 27). - Reuters
RIYADH: Top oil exporter Saudi Arabia said on Monday (Jan 27) that the impact of a deadly coronavirus epidemic on oil demand was "extremely limited" but that the kingdom was closely following events.
Oil prices plunged on Monday, with Brent crude dropping below US$60 a barrel for the first time in almost three months amid fears over the economic effects of the epidemic, which has killed over 80 people in China.
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