Concern about demand due to Covid-19 pushes oil price towards $40 a barrel
Italy recorded its highest daily number of Covid-19 infections on Thursday and cases surged by at least 120,276 in the US
06 November 2020 - 12:35
London — Oil fell to near $40 a barrel on Friday as new lockdowns in Europe to halt surging Covid-19 infections sparked concern about the outlook for demand, while markets remained on edge over drawn-out vote counting in the US election.
Italy recorded its highest daily number of infections on Thursday and cases surged by at least 120,276 in the US, the second consecutive daily record as the outbreak spreads across the country...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.