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Oil Prices See Biggest January Loss In 30 Years
Crude oil prices slid a painful 15% in January—the biggest January slide since 1991—as the coronavirus claims the death of 213 souls and counting. image After a couple weeks of continued slippage, the price of the Brent and WTI benchmarks were trading down 0.98% and 0.73% on the day, respectively, at 9:51 am as the World Health Organization declared a global health emergency. While the WHO did not recommend any travel restrictions to China, the US State Department recommended no travel to China, and airlines have stopped flying to China, including Air France, British Airways, Lufthansa, Virgin Atlantic, Lion ... (full story)