Oil prices slide as surge in Covid-19 cases weighs on demand outlook

Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output. The most-active Brent crude contract for October fell 58 cents, or 1.3 per cent, to $43.51 a barrel at 10.55 GMT.

The September Brent contract, which is expiring on Friday, fell 57 cents to $43.18 a barrel. US West Texas Intermediate (WTI) crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel. Both benchmark contracts rose.....

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