How Low Will The Coronavirus Send Oil Prices?

A number of developments this week, including Haftar’s actions in Libya, would normally have moved oil markets significantly, but in today’s market, it is only those that are to do with demand that seem to have any influence. – Travel restrictions and a dangerously spreading virus are dragging oil prices down. Goldman Sachs sees a potential drop in oil demand in China due to the outbreak of the coronavirus, which has now spread across the country, with 830 confirmed cases as of Thursday, and 26 confirmed deaths, along with one…