Brent retreats from earlier gains on lower demand forecasts

14.02.2020

Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world’s biggest oil importer. Brent crude lost 47 cents to $55.32 a barrel by 1248 GMT while U.S. West Texas Intermediate (WTI) was...