Virus Becomes Oil & Copper’s Worst Nightmare

Jan.30 — No major commodity has felt the pain of the worsening coronavirus epidemic more deeply than copper. The metal has tumbled for 12 straight sessions in London, the longest retreat in more than three decades of data. Meanwhile, crude has lost more than 13% so far in January, its biggest monthly decline since May. Bloomberg’s Alix Steel talks with Mike Tran, managing director of global energy strategy at RBC Capital Markets, and Gordon Johnson, founder and CEO of GLJ Research, about the ramifications of the virus.

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