Jackie Davalos and Alex Longley

Government, Business

Oil Falls Further After Travel Ban Deals Blow to Demand

Employee walks past crude oil storage tanks  in Saudi Arabia An employee walks past crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. (Simon Dawson/Bloomberg News)

Oil headed for the biggest weekly decline since 2008 after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days in an attempt to contain the coronavirus, pummeling fuel demand.

March 12, 2020