Oil is dropping to its lowest levels due to fears of the spread of Corona

Oil prices fell for a fifth day on Thursday to record their lowest levels since January 2019, as growing new cases of coronavirus outside China fueled concerns about a pandemic that could curb global economic growth and demand for crude.

In the five trading sessions to date, Brent fell 10.6 percent, while West Texas lost 10.4 percent, in their largest percentage loss over the five days since August 2019.