Oil prices slip as rampant Covid-19 weighs on fuel demand
US crude stocks rose less than expected and distillate inventories plunge with both Brent and WTI futures down
19 November 2020 - 12:32
London — Oil futures dipped on Thursday as a surge in coronavirus cases and tighter economic restrictions around the world weighed on fuel demand expectations, also dragging down equities globally.
Brent crude futures were down 27c to $44.07 a barrel by 9.11am GMT. US West Texas Intermediate (WTI) crude slipped 43c to $41.39 a barrel. A rising dollar made oil more expensive for holders of other currencies...
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