Oil prices slip ahead of data pointers on impact of

coronavirus on demand :=

Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand.

Brent crude was at $56.99 a barrel, down 33 cents by 0121 GMT after rising 5.2 per cent last week, the biggest weekly gain since September 2019.

US West Texas Intermediate crude fell 13 cents to $51.92 a barrel, after a 3.4 per cent gain last week.

Bullscommodity :

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