Oil prices fell on news of the spread of coronavirus in the world

So, according to the International monetary Fund, the world economy will face serious disruption in the epidemic threat of a new type of coronavirus COVID-2019.

“Even in case of rapid relief COVID-2019 will this affect economic growth in the world and China…… We hope for a quick recovery, however,… is much wiser to prepare for the least favourable scenario,” said IMF chief Kristalina Georgieva at a meeting of Finance Ministers and Central bankers of G20.

Investors are concerned that slowing economic growth will reduce oil demand. For this reason, quotes the “black gold” fell at the opening of trading on the first business day of the new week on world markets.

thus, according to trading, to six in the morning Moscow time the price of oil North sea Brent crude has fallen by 2.81% to 56,31 dollars per barrel. In the moment of falling prices up to the level of 56 dollars. The cost of the barrel zapadnotekhasskaya oil WTI by this time has decreased on 2,75%, to 51 and 91 of the dollar.