Melbourne/Singapore — Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging US coronavirus cases could threaten fuel demand recovery and expectations that Opec might ease output cuts from August in an upcoming meeting.
US West Texas Intermediate (WTI) crude futures slid 96c, or 2.39%, to $39.14 a barrel by 4.43am GMT, while Brent crude futures fell 88c, or 2.06% to $41.84...
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