Oil falls on virus surge and fear of renewed lockdowns
Brent and WTI crude futures declined by 1.02% and 1.30%, respectively
London — Oil prices fell on Tuesday amid concerns that a surge in coronavirus cases, especially in the US, will hamper any recovery in fuel demand.
Brent crude futures declined by 44c, or 1.02%, to $42.66, by 9.35am GMT, after hitting a high of $43.19. US West Texas Intermediate (WTI) crude futures fell 53c, or 1.30%, to $40.10 a barrel, after a high of $40.79...