Oil falls in second straight session as virus lockdown cools demand


Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand. Brent crude dropped 66 cents, or 1.6%, to $40.36 a barrel by 1150 GMT while U.S.

crude was at $37.86, down 63 cents, or 1.6%. Brent crude is set to end June with three consecutive monthly gains as OPEC+ supply cuts and as oil demand improved after countries across the globe eased lockdown measures. However, global coronavirus cases exceeded.

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