Oil prices fall 1% as market weighs coronavirus impact on demand

SINGAPORE (Reuters) - Oil prices fell by more than 1% on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand.Brent crude was at $56.88 a barrel, down 79 cents, or 1.4%, by 0746 GMT, while U.S. West Texas Intermediate crude fell 57 cents, or 1.1%, to $51.48 a barrel."Oil prices remain heavy as energy traders may have been overly optimistic as to the crude demand impact of the coronavirus,..