Crude oil prices remain stable despite surge in global Covid-19 cases

Oil prices were little changed on Monday after falling earlier as a record daily rise in global coronavirus cases boosted concerns that demand could fall again, while a producer meeting this week was expected to recommend an increase in output.

  The World Health Organization reported a record daily increase in global coronavirus cases on Sunday, with the total up by more than 230,000.   In the United States, infections surged over the weekend as Florida reported an increase of more than 15,000 new cases in 24 hours,.....

This article is no longer available in our repository.

There could be multiple reasons for this.