Oil drops following rise in virus cases, boosting Libyan production

Oil drops following rise in virus cases, boosting Libyan production

LONDON: Oil prices fell on Monday, extending losses from last week, as rising coronavirus cases in the United States and Europe raised concerns about energy demand, while production at Libya’s rapid growth also weighed on prices. Brent was down 88 cents, or 2.1%, to $ 40.89 at 1:06 p.m. GMT. U.S. West Texas Intermediate (WTI) […]

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