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Oil slides as demand fears outweigh hopes for bigger OPEC+ cuts

A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg
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NEW YORK (Reuters) - Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies.Brent crude slid 4 cents to $54.41 a barrel by 1:40 p.m. EST (1840 GMT) while U.S. West Texas Intermediate (WTI) crude lost 9 cents to $50.02."I think the market is still concerned..
Date Published: Feb 04, 2020
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