Despite an escalation in Libya’s oil war, crude prices fell on Tuesday morning as a deadly virus in China sparked fears of an economic slowdown. The EIA forecasts Brent oil prices averaging $65 per barrel in 2020 and $68 per barrel in 2021, and WTI averaging $59 and $62 per barrel over the same timeframe. – The agency says prices could remain elevated in early 2020 because of geopolitical risk, but the premium will fade as the year wears on. – The EIA sees Brent dropping to $62 per barrel by May. Market Movers – Magellan Midstream Partners (NYSE: MMP) has agreed to sell three marine terminals to Buckeye Partners (NYSE: BPL) for $250 million. – Halliburton (NYSE: HAL) beat earnings estimates by $40 million, and its share price was up by 2 percent in early […]