Covid-19 and Chinese demand factors push oil prices down
Worldwide Covid-19 cases crossed the 40-million mark on Monday, according to a Reuters tally
19 October 2020 - 12:02
London — Oil prices fell on Monday as concern about surging coronavirus cases globally dampened the prospects for demand recovery while China’s third-quarter economic growth was weaker than expected.
Brent crude for December slipped 16 US cents, or 0.4%, to $42.77 a barrel by 8.56am GMT. US West Texas Intermediate crude for November was down 11c, or 0.3%, at $40.77. The contract will expire on Tuesday...
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