Oil Price Into A Steady Pattern

Oil prices are into a steady trend today after a week of losses amid issues of a possible virus outbreak in China could dent demand for oil.

Presently, oil trades at $52.96, which is an incline of $0.17 or 0.32% from the previous close of 52.79.

The daily range is from $52.74 to 53.25, while the trading volume is 49.224K.

U.S. West Texas Intermediate (CLc1) added 4 cents at $53.18, after being into a losing ground after falling to its bottom since early October.

Washington warned against travel to China as the number of casualties from the spreading coronavirus outbreak advanced to 100 deaths and resulted in millions of Chinese stranded.