Oil slips amid demand fears, stimulus deal talks in US
Concerns grow over slower demand as Covid-19 cases surge in the US
20 November 2020 - 07:41
Tokyo — US oil prices slipped on Friday, dropping for a second day as concern mounted about the hit to demand from the surge in Covid-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington.
West Texas Intermediate was down 9c, or 0.2%, at $41.65 a barrel by 12.39am GMT, after dropping about 0.2% on Thursday. Brent crude was yet to trade, having fallen 0.3% in the previous session. The contracts are heading for a third week of gains...
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