Oil edges higher, but is set for weekly decline
Brent rises, though worry about the effect on demand of a resurgence in infections weighs on the market
25 September 2020 - 12:18
London — Oil prices edged higher on Friday but were set for a weekly decline due to the mounting worry about the effect on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.
Brent crude was up 30c at $42.24 a barrel by 8.55am GMT, while US West Texas Intermediate (WTI) crude rose 23c to $40.54...
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