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Oil drops more than 2%, heads for weekly loss on China virus fears


NEW YORK (Reuters) - Crude prices fell more than 2% on Friday, heading toward $60 a barrel and a steep weekly decline over concerns that the coronavirus in the world’s second-largest oil consumer China will spread farther, curbing travel and oil demand.

The virus has prompted the suspension of public transport in 10 Chinese cities, while cases of infection have been found in several other Asian countries and the United States.

Brent crude was down $1.42, or 2.3%, at $60.62 by 11:49 a.m. EST (1649 GMT). The global benchmark was down 6.5% so far ...


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