Brent rises after US shut up shop ahead of Hurricane Laura
But renewed concern over the pandemic after reports of patients being reinfected with Covid-19 capped gains
26 August 2020 - 08:27
Singapore — Brent crude oil prices rose on Wednesday, lifted by US producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-US trade talks.
But gains were capped amid renewed concern over the coronavirus pandemic, which has squeezed fuel demand, after reports from Europe and Asia of patients being reinfected with Covid-19, raising concerns about future immunity...
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