Oil prices fell to their lowest level since January 2019 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.Brent crude slipped $1.14, or 2%, to $53.33 per barrel, while US West Texas Intermediate fell 75 cents, or 1.5%, to settle at $49.57 per barrel.Due, to reports outset on Coronavirus, the Brent crude, the international futures benchmark, declined 2% to $49.42 a barrel on London’s ICE futures exchange.Commodity prices are also being pressured by a resurgent U.S. dollar. The dollar index (DXY), a broad measure of the greenback’s performance, peaked at 98.88 on Monday, the highest since October. DXY has gained in six straight sessions.Know moreTo save yourself from one such crisis, learn the secrets of market trading fromthe best stock market psychologist.
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