Oil slips on fears coronavirus lockdowns will weaken European demand
Brent and WTI fall in early trade, hitting their lowest levels since May
02 November 2020 - 07:33
Singapore — Oil prices fell more than 3% on Monday on worries that a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the US presidential election week.
Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%, by 4.29am, while US West Texas Intermediate fell $1.24, or 3.5%, to $34.55 a barrel. Brent fell as much as 5.8% and WTI as much as 6% in early trade, hitting their lowest levels since May...
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