Oil set for second monthly decline
The dollar strengthened this week, making dollar-denominated oil more expensive for holders of other currencies
30 October 2020 - 12:14
London — Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising Covid-19 cases in Europe and the US heighten concerns over fuel consumption.
Brent crude was up three US cents at $37.68 a barrel by 8.31am GMT after touching a five-month low in the previous session. The December Brent contract expires on Friday and the January contract was trading broadly flat...
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