Coronavirus fears weigh
OPEC officials gently floated the idea of more production cuts if necessary in March but that didn't do anything to stem worries about global growth and demand in the oil market.
WTI broke the November low $54.76 and fell to a low of $54.61. That level held yesterday and led to a bounce but climbing coronavirus numbers (and spiraling fears) are hitting the commodity market particularly hard. Copper is down 7% in the past 8 days.
Stocks continue to buck the trend but that divergence won't last.
