Oil is on track for its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China’s economy would impact demand because China is the world’s largest crude oil importer, after importing a record 10.12 million barrels per day in 2019, according to data from the General Administration of Customs. China is also the second-largest oil consumer, behind the United States. On Friday, U.S. West Texas Intermediate crude futures fell 2.8%, or $1.53, to $54.06, the lowest level since Nov. 1. This is the fourth straight day of losses and puts the contract on pace to end the week with a ... (full story)