The price of crude dropped on Friday, receding from the 11-month highs hit last week. Experts say the new coronavirus restrictions in China could curb fuel demand for the world’s biggest oil importer.

International benchmark Brent slid over one percent to $55.49 a barrel, while US West Texas Intermediate (WTI) was trading down 1.2 percent at $52.48 a barrel as of 07:57 GMT. (RT)