Global crude oil futures traded lower for fourth straight day

Global crude oil futures traded lower for the fourth straight day today, as Asia, Europe and oil producing countries in the West Asia reported hundreds of novel coronavirus cases and the United States warned of an inevitable pandemic. Brent crude oil futures fell 89 cents, to trade at 54.06 dollars a barrel. US crude oil futures dropped 59 cents, to 49.31 dollars a barrel. Meanwhile, Goldman Sachs reduced its 2020 oil demand growth forecast to 600,000 barrels per day, from 1.2 million barrels pe...