Crude-oil and copper prices slumped Monday amid fears the spread of the coronavirus could erode demand in China, the world’s largest consumer of industrial commodities. Brent crude futures, the global oil benchmark, traded down 2.9% to $58.16 a barrel, a three-month low. The main U.S. oil-price gauge, West Texas Intermediate, dropped 2.8% to $52.73. That is down about $10, or 16%, over the last three weeks. High-grade...
Source: Wall Street Journal January 27, 2020 11:20 UTC