Oil slips as Covid-19 may force Russia to support extending output cuts

Oil prices slipped on Friday, though they held onto most of the gains from the previous session, after Russian President Vladimir Putin indicated he was prepared to extend record supply as cases of COVID-19 surge in the United States and Europe. Brent crude were down 24 cents, or 0.6%, at $42.22 a barrel by 0634 GMT having risen 1.7% on Thursday, while U.S.

oil was 28 cents, or 0.7%, lower at $40.36, following a 1.5% gain in the previous session. Both contracts are heading for their first weekly loss in three. There was no discernible.

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