Oil falls 3% to three-month low as China virus threatens demand

NEW YORK (Reuters) - Crude prices dropped 3% to three-month lows on Monday as the death toll from China's coronavirus grew and more businesses were forced to shut down, fuelling expectations of slowing oil demand. Brent crude was down $1.77 a barrel, or 2.9%, at $58.92 at 11 a.m. EST (1600 GMT). U.S. crude was down $1.51, or 2.8%, at $52.68 a barrel. Both benchmarks had earlier fallen by more than 3% and were at their lowest since October.Global stock exchanges, which oil tends follows, also..