Oil stems some losses but growing Covid-19 cases worry investors
Record supply cuts by Opec+ have helped support prices, but with grim economic figures reported almost daily, the outlook for demand is bleak
09 September 2020 - 12:12
London — Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.
Brent crude was up 44 US cents, or 1.1%, at $40.22 a barrel by 7.52am GMT after dropping more than 5% on Tuesday to fall below $40 a barrel for the first time since June...
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