The novel coronavirus has not had a dramatic effect on energy markets, US Energy Secretary Dan Brouillette said on Friday, according to Reuters , though the effect on the market could worsen if the virus continues to spread, he added. “I think the impact has been marginal,” Brouillette said. But the oil price slide since the beginning of the year—trigged by the coronavirus epidemic—indeed has been dramatic. The price of a WTI barrel that was trading at $62.70 just one month ago is now trading at $50.45 per barrel—a drop of more than $12 per barrel, or nearly 20%, in just 30 days. The price of a Brent barrel, trading at $68.91 a month ago, has sunk to $54.52 today, a drop of over $14 per barrel, or nearly 21%. And it’s more than just fearful trades. Earlier this week, anonymous Chinese officials said that China’s oil demand had […]