Crude oil prices in the international markets cooled down to a 13-month low as fears of subdued demand in China amid the outbreak of the coronavirus weighed heavily on the global markets.
Oil prices fell to the lowest in more than a year on Monday, dragged by concern over demand in China after the coronavirus outbreak. Brent crude was down $1.82 at $54.80 a barrel by 11.33 am EST (16.33 GMT), the lowest since January last year.
Crude oil prices in the international markets cooled down to a 13-month low as fears of subdued demand in China amid the outbreak of the Coronavirus weighed heavily on the global markets.
