London-Sana
Oil prices continued to decline during trading today, affected by concerns about demand for crude in China after the outbreak of the Corona virus, although the prospects for greater production cuts from OPEC and its allies provided some support to the market.
Reuters reported that global benchmark Brent crude contracts fell $ 1 to $ 55.62 a barrel, its lowest level since January 2019.
The US benchmark West Texas Intermediate fell 58 cents to $ 50.98 a barrel, after recording earlier in the session $ 50.42, which is also the lowest level since January last year.
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