West Texas Intermediate Crude Oil Drops $1.32 on Fears China’s Coronavirus Affects Energy Demand

U.S. West Texas Intermediate crude oil prices closed on Tuesday (April 5), down $1.32 on concerns regarding the spread of COVID-19. in China that may affect energy demand

West Texas Intermediate crude for May delivery, traded on the NIMEX, was down $1.32 to close at $101.96 a barrel. Brent crude oil contract Delivered in June It was down 89 cents at $106.64 a barrel.