Oil selloff extends as coronavirus outbreak weighs on demand outlooks

摘要

New York-Crude futures settled down for a fifth consecutive session Monday at three-month lows after as the coronavirus outbreak in China sparked concerns of lower demand growth, weighing on commodity markets. ICE March Brent settled down $1.37 at $59.32/b, marking the first front-month close below the $60/b threshold since October 22. NYMEX March WTI was down $1.05 on the day at $53.14/b and was last lower October 9.