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Oil prices slip ahead of data pointers on impact of coronavirus on demand
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Oil prices slip ahead of data pointers on impact of coronavirus on demand
Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China's coronavirus epidemic has affected oil demand. The weekly gains, the first since early January, were spurred by hopes that stimulus measures taken by China to support its economy amid the coronavirus outbreak could lead to a recovery in oil demand in the world's largest importing country. Analysts at Capital Economics said over the weekend that it is too soon to start assessing the longer-term economic fallout from the epidemic.
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