Oil drops more than 1% as spike in COVID-19 cases stirs demand fears

Oil drops more than 1% as spike in COVID-19 cases stirs demand fears

TOKYO: Oil prices fell on Monday, extending losses from last week, as an increase in COVID-19 infections in the United States and Europe raised alarms over demand for crude, as the prospect increased supply also hurt sentiment. Brent was down 53 cents, or 1.3%, to $ 41.24 at 0052 GMT. U.S. West Texas Intermediate (WTI) […]

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