Oil falls 3% to new three-month lows as China virus cases surpass SARS total
Share:
NEW YORK (Reuters) - Oil prices fell 3% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Brent crude was down $1.78, or 3%, to $58.03 a barrel by 1:03 p.m. EST (1803 GMT). The global benchmark earlier dropped to $57.90, its lowest since Oct. 10.U.S. crude fell $1.49, or 2.8%, to $51.84 a barrel, after hitting a session low at..