A further increase in Coronavirus worry.........>

OIL: A further increase in Coronavirus worry weighed on crude prices during the

first Asia-Pac session of the week. WTI & Brent both sit in the region of $1.50

below their respective settlement prices at typing.

- Little to surprise in the latest round of OPEC+ rhetoric, with further calls

made between some of the group's top level ministers over the weekend, although

details of the calls remain somewhat lacking.

- As a reminder, Friday saw the Saudi Energy Minister refute WSJ source reports

suggesting that the country "is considering a break from its four-year

oil-production alliance with Russia, according to people familiar with the

matter, as China's coronavirus outbreak contributes to a drop in global oil

demand."

- Elsewhere, it would appear that the internationally recognised Libyan

government has pulled out of the Geneva peace talks between itself and General

Haftar's forces.

- Finally, last week's Baker Hughes rig count data was virtually unchanged in

terms of active U.S. oil rigs.