Oil slides on global demand fears
Brent and US oil head for weekly declines as new global Covid-19 cases increase
10 July 2020 - 07:40
Tokyo — Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns after a surge in coronavirus cases in the US and elsewhere would suppress fuel demand.
Brent crude was down 25c, or 0.6%, at $42.10 a barrel by 3.41am GMT after falling more than 2% on Thursday. US oil fell 33c, or 0.8%, at $39.29 a barrel after a drop of 3% in the previous session...
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