Singapore — Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, though a drawdown in US crude stocks for a fifth straight week capped losses.

Brent crude oil futures dipped 5 US cents, or 0.1%, to $56.01 a barrel by 1.24am GMT, while US West Texas Intermediate (WTI) fell by 1c to $52.90 a barrel...

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