Oil Extends Losses With Virus Concerns Clouding Demand Outlook
Gas flares burn from pipes aboard an offshore oil platform in the Persian Gulf’s Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran. (Photographer: Ali Mohammadi/Bloomberg)

Oil Extends Losses With Virus Concerns Clouding Demand Outlook

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(Bloomberg) -- Oil extended declines toward $40 a barrel as concerns about demand linger with the coronavirus raging across many regions.