Jim Cramer: Im done with fossil fuel stocks

CNBC s Jim Cramer said Friday that he is done with fossil fuel stocks because young investor s concerns about climate change made them unnattractive. Oil prices slumped to multimonth lows on Monday, with energy market participants increasingly concerned about demand growth as the coronavirus spreads globally. International benchmark Brent crude traded at a barrel Monday afternoon, down nearly 2. 8, while U. S. West Texas Intermediate (WTI) stood at tumbling over 2. 7. Both crude benchmarks have slipped to lows not seen since early October, as oil traders closely monitor the outbreak of a deadly pneumonialike virus. On Sunday, Chinese officials confirmed there had been more than 2, 700 confirmed cases of coronavirus, including 461 people in a critical condition as the death toll rose to 80. The virus, which started in the Chinese city of Wuhan, has spread to other major cities such as Beijing, Shanghai, Macao and Hong Kong. China has wa