Oil slide extends as the coronavirus outbreak dims demand outlook

摘要

New York—Weakened demand outlooks weighed on oil prices Thursday as the market looked toward Russia to approve an OPEC proposal for deeper production cuts. ICE May Brent settled down $1.14 at $49.99/b and NYMEX April WTI was 88 cents lower at $45.90/b. Thursday marked the lowest front- month Brent settle sine July 24, 2017. Oil prices moved steadily lower throughout US trading as demand outlooks turned more bearish in the face of the continued global spread of the coronavirus.