Oil slips on Covid-19, US election fears
Brent crude falls as Opec+ expected to retain output cuts
06 November 2020 - 07:53
Tokyo — US oil fell nearly 2% on Friday as new lockdowns in Europe to contain the spread of the coronavirus disease raised questions about the outlook for crude demand, while markets remained on edge over the drawn-out vote counting in the US election.
West Texas Intermediate was down 73c, or 1.9%, at $38.06 a barrel at 2.32am GMT, after dropping 0.9% on Thursday. Brent crude was off 72c, or 1.8%, at $40.21, having fallen 0.7% in the previous session. Still, the contracts are heading for their first weekly gain in four...
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