Oil prices slide on demand uncertainty
US West Texas Intermediate and Brent decline but are on track for weekly gains
07 August 2020 - 07:24
Melbourne — Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the US on a new stimulus deal.
US West Texas Intermediate (WTI) crude futures slipped 2c to $41.93 a barrel at 2.46am GMT, while Brent crude fell 6c, or 0.1%, to $45.03, after both contracts had earlier traded higher...
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