This article was first published on FXTM Global.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
It was another painful day for Oil as concerns intensified over the coronavirus outbreak sapping demand for fuel. WTI Crude and Brent both tumbled over 4.5% as investors became increasingly jittery over the widening crises and negative consequences to global growth. On Wednesday, for the first time ever, the number of new cases of COVID-19 outside China exceeded the number of new Chinese cases – ultimately fuelling fears of a pandemic. Oil prices are expected to remain severely depressed on demand and global growth concerns. The technical picture paints a... Read More
To keep reading this article, please navigate to: FXTM Global.