Oil slips amid concern about virus resurgence
Brent crude futures decline as markets fear faltering global demand
03 July 2020 - 08:04
Seoul — Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the US, the world’s largest oil consumer, stoked worries that a fuel demand recovery could stall.
Brent crude futures were down 29c, or 0.7%, at $42.85 a barrel at 3.39am GMT, and US West Texas Intermediate (WTI) crude futures fell 31c, or 0.8%, to $40.34 a barrel...
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