Crude oil prices fell to their lowest levels in 14 months on Thursday as coronavirus fears continue to breed low global oil demand and a downward pressure on prices. 

Brent crude was trading at $51.91 per barrel at 0655 GMT on Thursday for a 1.74% daily loss after closing Wednesday at $52.83 a barrel with a 3.86% dip.

The international benchmark hit as low as $51.88 per barrel earlier Thursday to mark its lowest level since Dec. 28, 2018, according to official data.

American benchmark West Texas Intermediate (WTI) was trading at $47.90 a barrel at the same time

Read more: Oil prices hit 14-month low with coronavirus fears