U.S. West Texas Intermediate crude oil futures are down sharply on Monday shortly before the regular session opening. Concerns over a drop in demand from Asia are driving prices lower. The catalyst behind the selling pressure is the rapidly spreading China corona virus. Some feel that the selling has been a bit excessive and being fueled by aggressive speculators. The markets are being “primarily driven by psychological factors and extremely negative expectations adopted by some market participants despite (the virus’) very limited impact on global oil demand,” Saudi Arabia’s Energy Minister Prince Abdulaziz bin ... (full story)