Oil falls on spread of Wuhan virus, U.S. oil-stocks build - Reuters:
Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone.
Brent LCOc1 was down 95 cents, or 1.6%, at $58.86 a barrel by 0738 GMT, having risen 0.5% on Wednesday. U.S. crude CLc1 was down 84 cents, or 1.6%, at $52.49 a barrel, after dropping 0.3% in the previous session.
Prices had steadied in recent days, after a rout pushed them to three-month lows as investors tried to assess damage from the virus to economic growth and demand for crude and its products.
But now the rising death toll from the virus and its dispersion around the world has again turned screens red, with Asian stock markets down sharply.
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