Oil falls $1 on renewed uncertainties over coronavirus outbreak

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LONDON (Reuters) – Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian economic data fuelled uncertainty about the economic outlook and as major crude producers showed no rush to cut output.

Brent crude LCOc1 was down 96 cents, or 1.6%, at $58.35 a barrel by 1019 GMT, while U.S. crude CLc1 dropped 76 cents, or 1.4%, at $53.12 a barrel.

Read more : Reuters

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