Oil steady as doubts grow over demand
New Covid-19 cases add to uncertainty as producers agree to loosen output curbs
17 July 2020 - 07:47
Melbourne — Oil prices were unchanged on Friday, with trading marked by growing uncertainty about a global recovery in fuel demand as new Covid-19 cases surge in several countries just as major producers get set to loosen production curbs.
US West Texas Intermediate (WTI) crude futures rose 1c to $40.76 a barrel at 2.04am GMT, while Brent crude futures were steady at $43.37 a barrel. Both were still on track to end the week up slightly...
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