Petroleum futures continued to tumble Monday, as measures taken to battle the spread of the coronavirus have dramatically reduced travel, slashing demand. ICE Brent settled at $30.05/b, down $3.80, while NYMEX front-month crude settled at $28.70/b, down $3.03. NYMEX front-month RBOB settled at 68.99 cents/gal, down 20.93 cents, while front-month ULSD settled at $1.0466/gal, down 9.08 cents. “Oil’s worst-case scenario seems to be coming true,” said OANDA analyst Edward Moya. “The coronavirus is paralyzing economies across the world and no-one has any clue how much worse it will get.” RBOB has been especially hard hit, as prohibitions on mass gatherings have limited driving demand. The RBOB crack spread vs. ICE Brent ended Monday at around 29 cents/b, […]