Oil prices slip on rising coronavirus cases, oversupply and demand concerns


Oil prices fell on Tuesday on worries that a resurgence of coronavirus cases globally is stifling a recovery in fuel demand while growing Libyan output adds to already plentiful supply. Brent crude futures were trading down 34 cents, or 0.8%, at $42.28 a barrel by 0903 GMT. U.

S. West Texas Intermediate (WTI) crude futures fell 15 cents, or 0.4%, to $40.68. COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking various degrees of lockdown measures. A.....

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