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Oil prices slide as coronavirus spread beyond China raises demand worries

Updated : February 21, 2020 07:59 AM IST

Brent crude was down 24 cents, or 0.4 percent, at $59.07 a barrel by 0155 GMT, while US crude was off by 25 cents, or 0.5 percent, at $53.63 a barrel.
Adding to pressure on oil prices was the strength of the US dollar as investors looked for safe havens.
A stronger greenback typically makes oil more expensive as the commodity is usually priced in dollars.
Oil prices slide as coronavirus spread beyond China raises demand worries

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