Fear about lower fuel demand pushes oil prices down
Sharply rising Libyan production is also adding to pressure on oil prices
02 November 2020 - 13:00
London — Oil prices fell on Monday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand and amid concerns about turbulence around this week’s US presidential election.
Brent was down 97 US cents, or 2.6%, to $36.97 a barrel by 9.48am GMT, and US West Texas Intermediate fell $1.04, or 2.9%, to $34.75. Both contracts fell more than $2 earlier in the session...
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