London-Sana
Oil prices fell today to their lowest level in two weeks, with growing concern that the extension of the closure measures to combat the emerging Corona virus, Covid 19 in Shanghai and possible increases in US interest rates will harm global economic growth and demand for oil.
Reuters reported that Brent crude futures fell $4.63, or 4.3 percent, to $1.2.2 a barrel, and West Texas Intermediate crude futures fell $4.11, or 4 percent, to $97.96 a barrel.
Both benchmarks lost nearly 5 percent last week due to concerns about demand, and Brent crude fell sharply after hitting $139 last month, its highest level since 2008.
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