Oil prices slip as worsening Covid-19 threatens recovery in fuel demand


Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S.

oil was off by 6 cents, or 0.2%, at $40.53 a barrel, after gaining 4 cents last week. "With global daily Covid-19 case counts still rising and the U.S. Sunbelt most populous states showing little success in bending and containing the (epidemic's) curve, concerns about.

This article is no longer available in our repository.

There could be multiple reasons for this.