Melbourne/Singapore — Oil prices fell about 1% on Thursday as a spike in new coronavirus cases in China and the US renewed fears that a recovery in fuel demand could stall, even as lockdowns ease.
Brent crude futures fell 0.9%, or US37c, to $40.34 a barrel at 4.23am GMT, having fallen US25c in the previous session...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.