Crude oil prices have continued to post losses on Friday as the spread of coronavirus worldwide keeps global oil demand low.

Brent crude was trading at $50.22 per barrel at 0600 GMT on Friday for a 1.57% loss after closing Thursday at $51.02 a barrel when it saw a daily decline of 4.51%.

American benchmark West Texas Intermediate (WTI) was trading at $45.67 a barrel at the same time for a 2.43% decrease after ending the previous session at $46.81 per barrel with a 2.63% loss.

The death toll from the novel coronavirus outbreak in China has increased to

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