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Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.
Brent crude LCOc1 fell by $1.95 a barrel, or 3.2 per cent, to $58.75 by 1128 GMT, its lowest since late October and the biggest intra-day fall since Jan. 8.
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