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Oil Price Tanks as Coronavirus Weighs on Demand Outlook

Oil Price Tanks as Coronavirus Weighs on Demand Outlook
Refineries in Corpus Christi, Texas on Nov. 8, 2018. Charlotte Cuthbertson/The Epoch Times
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—As the new coronavirus epidemic continues to spread across China, fears of reduced travel and a global economic slowdown sent oil prices plummeting over the past week.

West Texas Intermediate (WTI) crude fell on Jan. 31, posting a fourth straight week of losses and its worst month since May 2019.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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