At its lowest point Friday thefell as much as 690 points , ending the day down 603 points, or 2.1%. Ripples across different marketsUS oil prices recorded their worst month since May last year, when the US-China trade war and high inventory levels weighed on prices. "Oil prices were on the defensive again this week as fears surrounding the coronavirus and its impact on oil demand remain front and center," write Rabobank Commodities Strategist Ryan Fitzmaurice in a note. US oil prices settled 1.1% lower at $51.56 per barrel on Friday. On Friday, prices settled little changed at $1,582.90 an ounce.

Source: CNN January 31, 2020 16:16 UTC