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...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now