Markets27 Jan 2020 14:09
While safe havens such as gold rallied, oil prices tanked. West Texas Intermediate fell 3% to $52.62 a barrel and Brent crude was down 2.9% at $58.98.
Neil Wilson, chief market analyst at Markets.com, said oil was being dented by fears of slower Chinese GDP growth and a hit to the global tourism industry - "two of the key drivers of crude demand".