Oil edges higher as fears rise on sliding demand
Brent crude climbs 14c on concerns of second wave of Covid-19 infections and decline in US growth
31 July 2020 - 08:05
Tokyo — Oil prices recovered further ground on Friday, after touching three-week lows in the previous session, responding to a record decline in US growth as the coronavirus ravaged the world’s biggest economy and oil consumer.
Brent crude was up by 14c, or 0.3%, at $43.08 a barrel by 3.58am GMT. On Thursday, Brent closed down 1.9% but had recovered much of the ground lost from the lowest level since July 10...
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