Oil falls as demand set to fall amid new virus business restrictions
Opec+ is expected to endorse easing of supply cuts despite some US states, Australia and parts of Asia move back into lockdowns
14 July 2020 - 11:50
London — Oil prices fell on Tuesday on worries that new restrictions to stem surging US and Asian coronavirus cases could threaten a recovery in fuel demand just as oil cartel Opec and its oil-producing allies, Opec+ prepare to increase output from August.
Brent crude futures fell 44c to $42.28 a barrel by 8.40am GMT and US West Texas Intermediate (WTI) crude futures slid 53c to $39.57...
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