Today, oil prices fell around 1%, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut outpt to buttress the market.

Brent crude LCOc1 was at $58.67  a barrel, down 64 cents after it fell about 1.1 %.

However, U.S crude fell 54 cents to $53.34  a barrel, decreasing about 1%.