Oil drops amid Libyan production surge and coronavirus outbreak

Oil drops amid Libyan production surge and coronavirus outbreak

Oil prices fell about 2% on Friday, under pressure from increasing Libyan production and fears that rising coronavirus infections could slow the recovery of the global economy and demand for fuel. Hopes for a vaccine kept crude futures on track for a second consecutive weekly gain. Brent fell 75 cents, or 1.7%, to $ 42.78 […]

The post Oil drops amid Libyan production surge and coronavirus outbreak

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