Oil prices slip but remain rangebound
Amid a slow recovery of fuel demand due to the resurgence of the virus, investors are also worried about oversupply
03 August 2020 - 13:03
London — Oil prices fell on Monday on fears about the economic fallout from rising Covid-19 cases around the globe and on oversupply worries as Opec and its allies are set to wind back output cuts in August.
Brent crude slid 40 US cents, or 0.9%, to $43.12 a barrel by 8.45am GMT, and US West Texas Intermediate (WTI) crude was down 46c, or 1.1%, at $39.81...
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