Oil prices still falling on poor demand and virus flare-ups
Brent crude has fallen almost 8% so far in September, with Opec+ meeting later in the month to review its supply pact
08 September 2020 - 11:07
London — Oil fell below $42 a barrel on Tuesday, its fifth session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world.
Coronavirus cases rose in 22 of the 50 US states, a Reuters analysis showed on the Labour Day holiday weekend. New infections are also increasing in India and Britain...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.