Oil slips as rising coronavirus cases torpedo hopes for fuel recovery
Brent crude and US West Texas Intermediate give up ground after declines last week
28 September 2020 - 07:55
Singapore — Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week’s slips.
Brent crude fell 23c, or 0.6%, to $41.69 a barrel by 4.43am after dropping 2.9% last week. US West Texas Intermediate was at $40.04 a barrel, down 21c or 0.5%, after a 2.1% decline last week...
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