Oil prices dropped more than 2% yesterday as a result of the coronavirus spreading in China. When SARS hit the country in 2002, China’s annual growth dropped from 11% to 9%.

This recent price drop has occurred because traders are concerned that travel advisories and any other major impact on China’s and other countries’ economies will reduce oil demand, yet there is a strong supply.

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Oil Prices Plunge On Coronavirus Fears

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