20-10-2020 03:58 via news.yahoo.com

Oil prices drop for fourth day as COVID-19 second wave worries intensify

Oil prices slipped for a fourth straight day on Tuesday on worries about a resurgence of coronavirus cases globally stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply in the market.Brent crude futures fell 30 cents, or 0.7%, to $42.32 a barrel by 0149 GMT, after falling 31 cents on Monday."Since April we have seen a miraculous recovery in oil demand – which is now at about 92% of pre-pandemic levels, but it's too early to declare an end t
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