Oil prices slide over 3% on demand concerns as virus spreads :=

Oil prices tumbled by more than 3 per cent on Monday, as the rapid spread of a coronavirus in several countries outside China left investors concerned about a hit to demand.

Brent crude was down $2.16, or 3.7 per cent, to $56.34 barrel by 0935 GMT. US crude futures fell by $1.93, or 3.6 per cent, to $51.45.

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