Oil prices dropped to the lowest level since January 2019 amid rising worries about the impact of the coronavirus on global economy and oil supply-demand balance.
- It's not about the sharp drop in oil prices, it's shaking oil supply / demand balance as China is the world's largest oil importer and the second largest refining capacity.
- As coronavirus is shaking up oil prices on the paper market, it might shake up crude oil physical market.
- Barrels for February arrivals have been already loaded earlier from the Arabian Gulf and other producers. However, the market might