Friday 28 February 2020

Oil markets ‘hit with coronavirus concerns’

LONDON, January 28, 2020

Global oil markets have been infected with concerns of demand erosion due to the coronavirus contagion, said Barclays, a British multinational investment bank and financial services company, in a new report.

“While it remains to be seen how quickly the spread of the virus is contained, experience from the 2003 SARS outbreak suggests demand worries are likely overdone, in our view,” Barclays said in the report. – TradeArabia News Service



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