Phil Carr
The Gold & Silver Club
Oil prices fell 1.5% on Thursday as alarm spread over the economic impact of the Wuhan virus in China.
Infections in China have passed 7,700 and several countries started isolating citizens evacuated from Wuhan to help efforts to prevent the global spread of the epidemic. In China, the death toll has climbed to 170 people.
The World Health Organisation's Emergency Committee is set for another meeting later on Thursday to reconsider whether the rapid spread of the virus should now be called a global emergency.
Airlines around the world are suspending or reducing direct flights to China as travel warnings are issued by governments and passenger numbers drop.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Crude Oil with the latest price forecast and predictions:
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