U.S. crude hits 17-year low as lockdowns, restrictions spread
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LONDON (Reuters) - Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.U.S. crude was down $1.15 cents, or 4.27%, at $25.80 per barrel by 0938 GMT, having earlier fallen to $25.68, its lowest since May 2003.Brent crude was trading down 78 cents, or 2.71%, at $27.95 a barrel, after dropping to $27.86, its lowest since early 2016."The oil demand..