The oil complex settled lower Friday, snapping eight consecutive up days, amid a renewed focus on demand destruction concerns after the further spread of the coronavirus outside of China. ICE April Brent settled down 81 cents at $58.50/b and NYMEX April WTI finished 50 cents lower at $53.38/b. Oil prices moved lower overnight amid reports of a sharp uptick in the number of coronavirus cases outside of China. In South Korea, the number of confirmed cases doubled to 204 in just 24 hours, according to media reports. As of Friday there were 76,798 confirmed cases of the virus resulting in at least 2,250 deaths worldwide, according to data from the […]