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Oil prices continued its downward journey on Thursday, slipping over 1% on the concerns of lower fuel demand aggravated by the spread of a respiratory virus from China. Brent crude was priced 1.3% lower, at $62.39 a barrel. WTI crude futures slipped 1.5%, to $55.88 a barrel. Investors are concerned over the potential of Coronavirus to develop into the SARS epidemic in 2002-2003, which hampered economic growth.