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Oil prices dive to lowest in over a year on coronavirus fears

Oil prices dive to lowest in over a year on coronavirus fears

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4 comments

  1. And yet the price of gas hasn’t dropped at all…

  2. This is the best tl;dr I could make, [original](https://www.reuters.com/article/us-global-oil/oil-prices-dive-to-lowest-in-over-a-year-on-coronavirus-fears-idUSKCN20L08P) reduced by 85%. (I’m a bot)
    *****
    > NEW YORK – Oil prices tumbled for a fifth day on Thursday to their lowest level in more than a year, as new reports of novel coronavirus cases outside China spurred investor fears that the rapidly spreading outbreak could slow the global economy.

    > Heating oil futures HOc1 dropped about 0.7% to settle at $1.4892 a gallon, after hitting the lowest since July 2017.

    > Margins for producing distillates HOc1-CLc1 – heating oil, diesel fuel and jet fuel – have hit their lowest levels since 2017 due to fears of reduced demand.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/fakq53/oil_prices_dive_to_lowest_in_over_a_year_on/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~471143 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **since**^#1 **Oil**^#2 **day**^#3 **lowest**^#4 **demand**^#5

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