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A slump in oil demand caused by the outbreak of the coronavirus in China could pressure oil prices by $2 per barrel Barclays analysts said, revising its full-year Brent crude forecast to $62 a barrel and its West Texas Intermediate forecast to $57 a barrel. “If air passenger traffic in China declined by half in first quarter of 2020, it would likely lead to a 300,000 barrels per day year on year decline in jet-kerosene demand from China,” the analysts said, as quoted by Reuters. They added that they expected OPEC to step in and…

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