Oil and world exchanges continue to decline by 3 – 4% amid the spread of coronavirus

Oil prices fall almost 3% this morning after significant decline the day before. At 10:52 am Brent price fell by 2.73% to $ 50.32, WTI - 2.95% to $ 47.70. Yesterday Thursday quotes have reached their lowest levels since December 2018. The reason for the fall is the continued spread coronavirus outside of China. Since the beginning of the year, Brent has lost 21%, WTI - 23%. Over the past day, the virus has been recorded in 5 new countries. On With this news, world stock exchanges collapsed. The collapse continued American stock indices, which yesterday declined further by 4%. At the close of trading, the Dow Jones and S&P 500 lost 4.42% each, NASDAQ - 4.61%. Leading European indices also continued 3% drop - FTSE 100 (UK) down 2.6%, DAX (Germany) - by 3.19%, CAC 40 (France) - by 3.32%. The Japanese and Chinese exchanges are losing 3-4% this morning.