Oil prices fall, set for biggest weekly drop since 2008
Share:
NEW YORK (Reuters) - Oil prices slumped on Friday to their lowest in more than a year, set for their steepest weekly fall since 2008 as the global spread of the coronavirus stokes demand fears.Investors worried about an economic slowdown weighing on oil demand as the virus spreads beyond its epicenter in China to more than 50 other countries.The most active Brent future for May was down $2.73, or 5.3%, at $49.00 a barrel by 11:14 a.m. EST (1614 GMT), its lowest since July 2017.Brent futures for..