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Oil: Biggest Weekly Drop in Over 4 Years

February 27th, 2020

Everything is slowing down.

Via: Reuters:

Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand.

More: “We estimate global oil demand has fallen by ~900k b/d”

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