Oil prices edged lower on Monday as investors brace for economic data in Asia du...
SINGAPORE - Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand.
U.S. West Texas Intermediate crude CLc1 fell 13 cents to $51.92 a barrel, after a 3.4% gain last week. Analysts at Capital Economics said over the weekend that it is too soon to start assessing the longer-term economic fallout from the epidemic.
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