Oil prices mixed after OPEC lowers oil demand forecast due to coronavirus
Share:
NEW YORK (Reuters) - Oil prices were mixed with Brent down and U.S. crude higher after OPEC lowered its global oil demand forecast due to the "historic shock" delivered by the coronavirus outbreak.Before the Organization of the Petroleum Exporting Countries released its latest forecast, global benchmark Brent futures were up over $1 a barrel as investors hoped record builds in U.S. inventories would prompt producers there to cut output quickly.Brent futures fell 20 cents, or 0.7%, to $27.49 a..