Tighter lockdowns put the screws on oil
Brent loses ground as the surge in coronavirus cases and stricter economic restrictions fuel fear of slower fuel demand
19 November 2020 - 08:05
Tokyo — Oil futures eased on Thursday, surrendering some gains from the previous day as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.
Brent crude futures shed 17c, or 0.4%, to $44.17 a barrel by 3.45am GMT, after gaining 1.4% on the previous day. US West Texas Intermediate crude declined 29c, or 0.7%, to $41.53 a barrel, having risen nearly 1% on Wednesday...
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