Oil prices drop 4% on demand concerns as virus spreads
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LONDON (Reuters) - Oil prices fell 4% on Monday, as the rapid spread of the coronavirus in countries outside China added to investor concerns about the impact on demand.Global shares also extended losses as worries about the impact of the virus grew, with the number of infections jumping in Iran, Italy and South Korea.Brent crude was down $2.37, or 4.1%, to $56.13 barrel by 1145 GMT. U.S. crude futures fell by $2.08, or 3.9%, to $51.30. "The weekend's developments provided us with a stark..