Oil falls amid renewed worry about demand
Brent slips as traders fret about growing cases of Covid-19 in the US and Europe and possibility of increased supply dims sentiment
26 October 2020 - 10:55
Tokyo — Oil fell 3% on Monday, extending last week’s losses as growing cases of Covid-19 in the US and Europe raised concern about crude demand, while the prospect of increased supply also hurt sentiment.
Brent crude was down $1.25 cents, or 3%, at $40.52 by 7.55am GMT. US West Texas Intermediate (WTI) dropped $1.28, or 3.2%, to $38.57, having fallen more than a dollar shortly after the start of trading...
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