(Bloomberg) — Oil extended losses after closing at a 13-month low as more new coronavirus cases were reported outside China than within, adding to fears the world is on the brink of a pandemic that will take a hefty toll on growth.Equity markets tumbled in Europe, despite President Donald Trump’s attempts to calm fears at a briefing on the outbreak, and crude tumbled below $48 a barrel in New York after the U.S. reported its first infection of unknown origin. New cases were diagnosed in countries from Pakistan to Brazil. Germany said it was likely at the start of an …read more
Source:: Yahoo Finance
