Oil hits 13-month lows as coronavirus worries rattle market
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NEW YORK (Reuters) - Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support."The coronavirus is the number one issue in the global market right now," said Phil Flynn, analyst at Price Futures Group in Chicago. "We have not seen a demand destruction event of this scale that moves this quickly."Brent crude was down..