Coronavirus outbreak in China affects global oil and gas prices
Tashkent, Uzbekistan (UzDaily.com) - Coronavirus outbreak in China affected global oil and gas prices. Quotes fell below US$57 per barrel of Brent marker grade.
China is the second economic country in the world. Trade, transport, export of goods and services in the country, slowdown of tourist flows also affect the economies of other countries.
"The continuation of the falling trend will depend on the state of affairs in China - how quickly it will be possible to stop the spread of the disease and create a vaccine," said an analyst at the global research department.
Also, the 2019-nCoV Coronavirus can affect the global economy more than the financial crisis of 2008-2009. This was stated in a review by Moody’s Analytics.