Oil falls on rising Covid-19 and rising Opec+ output
Brent crude futures fell 0.4% and US WTI crude futures were down 0.6%
01 October 2020 - 11:15
London — Oil prices fell on Thursday as rising coronavirus cases dampened the demand outlook, with further price pressure from a rise in oil cartel Opec output last month, though losses were capped by renewed hopes for US fiscal stimulus.
Brent crude futures fell 17c, or 0.4%, to $42.13 a barrel by 8.18am GMT and US West Texas Intermediate (WTI) crude futures were down 22c, or 0.6%, at $40...
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