Oil falls despite hopes of Covid vaccine
Brent crude slides on fears about a slow recovery in the global economy
13 November 2020 - 07:55
Tokyo — Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in Covid-19 infections, but remained on track for a second straight weekly gain, helped by vaccine hopes.
Brent crude was down 75c, or 1.7%, at $42.78 a barrel at 3.14am GMT, after dropping 0.6% on Thursday. US West Texas Intermediate (WTI) crude futures fell 89c, or 2.2%, to $40.23 a barrel, having lost 0.8% on Thursday...
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