Melbourne — Oil prices dropped on Tuesday as concerns over fuel demand in the near term in coronavirus-hit Europe and the US returned to haunt the market after an overnight surge on progress towards a Covid-19 vaccine.
US West Texas Intermediate (WTI) crude futures fell 60 US cents, or 1.5%, to $39.69 a barrel at 1.39am GMT, while Brent crude futures fell 54c, or 1.3%, to $41.86 a barrel...
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