Source: CBC News, February 3, 2020
3,000 flight cancellations a day due to coronavirus reduce demand for jet fuel
The price for a barrel of oil dipped below $50 US a barrel for the first time since January 2019 on Monday. The coronavirus that has emerged from China is causing traders to fear for the impact on the economy.
A barrel of West Texas Intermediate briefly traded as low as $49.92 a barrel on Monday morning, the lowest level on record for the North American oil benchmark in more than a year. Less than a month ago, WTI was going for more than $63 a barrel, before gloom set in.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
Google Play and the Google Play logo are trademarks of Google LLC.