Oil falls 3% as spectre of China virus threatens fuel demand
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NEW YORK (Reuters) - Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories. Brent crude futures fell $1.70, or 2.7%, to $61.51 a barrel by 1:03 p.m. EST (1803 GMT). The session low was $61.25 a barrel, lowest since early December.U.S. West Texas Intermediate (WTI) crude futures fell $1.74, or 3.1%, to $55.00 a barrel. The session low was $54.77 a..