Oil set to post up to 5% loss for the week

Fall in US inventories not enough to offset concerns on demand generated by the China coronavirus

Concern: worries that the China coronavirus could curb travel, fuel demand and economic prospects has weighed on oil prices this week — Concern: worries that the China coronavirus could curb travel, fuel demand and economic prospects has weighed on oil prices this weekPhoto: REUTERS/SCANPIX/

Reuters

Published 24 January 2020, 06:42Updated 24 January 2020, 06:42

USA China Stephen Innes World Health Organisation Wuhan