Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lock downs deepened concerns about demand for crude, even as Saudi Arabia's energy minister sought to calm the market. The World Health Organization has held off on calling the outbreak a global health emergency but says it may become one. The corona-virus has killed more than two dozen people and infected more than 800, with the epicenter in the city of Wuhan in central China. The virus can transmit from human to human, which increases its potential spread.
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