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Oil prices fall ahead of Asian economic data release
Feb. 18, 2020
Source: Reuters

Oil prices fall ahead of Asian economic data release

Oil prices continued its downward journey in the international market on Tuesday, stressed by the concerns of coronavirus severely impacting the economy and its effect on oil demand. Brent crude was priced 0.6% lower, at $57.30 a barrel. US WTI fell by 0.3%, to $51.90 a barrel. Even though new coronavirus infection cases in mainland China fell below 2,000 yesterday, global experts cautioned against the early prediction of outbreak containment.

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