Oil prices recover a bit but gains capped by rising Covid-19 cases
But rising production by Libya, which is on course to hit one-million bpd in the coming weeks, is a concern for Opec+
03 November 2020 - 11:43
London — Oil prices extended their rally on the US election day amid a recovery in financial markets on Tuesday, but concerns over surging coronavirus cases around the world capped further gains.
Brent crude futures rose 70 US cents, or 1.8% to $39.67 a barrel at 8.45am GMT, while US West Texas Intermediate (WTI) crude futures were up 78c, or 2.1%, to $37.59 a barrel. Both benchmarks gained nearly 3% on Monday...
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