Oil retreats in face of renewed coronavirus uncertainty

Financial Post | Feb 21, 2020 at 3:05 PM
  • Oil prices fell on Friday as weak Asian data and a rise in new coronavirus cases fueled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.
  • Finance leaders from the Group of 20 major economies meet in Saudi Arabia at the weekend to discuss risks to the global economy after new Asian economic and health data kept investors on guard.
  • Beijing reported an uptick in coronavirus cases on Friday and South Korea reported 100 new cases, doubling its infections.