Commodities Oil skids as spectre of China virus looms over fuel demand, economy Updated : January 23, 2020 02:29 PM IST Brent crude futures were down 87 cents, or 1.4 percent, to $62.34 a barrel by 0733 GMT, and earlier dropped to the lowest since December 4 after falling 2.1 percent the previous session. The US bank maintained its forecasts for Brent to average $67 a barrel in the first quarter and $64.50 a barrel throughout 2020. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.