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  • Coronavirus Fears Lead to 4% Drop in Global Oil Prices
On Monday, oil prices dropped 4% due to the increase in the number of reported coronavirus cases. This has primarily occurred to investor worries, resulting in decreased demand. The virus has now spread to countries outside of China, including many of the Gulf countries, Italy, and South Korea.

Coronavirus Fears Lead to 4% Drop in Global Oil Prices

On Monday, oil prices dropped 4% due to the increase in the number of reported coronavirus cases. This has primarily occurred to investor worries, resulting in decreased demand. The virus has now spread to countries outside of China, including many of the Gulf countries, Italy, and South Korea.

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