Oil prices dip

Oil prices dip as US coronavirus spike stokes demand worries.

Oil gains were tempered as a spike in COVID-19 cases across several US states raised the prospect of renewed lockdowns holding back the fuel demand recovery.

Oil prices today dipped as industry data showing a build in U.S. crude stockpile added s to worries about oversupply while a surge in coronavirus cases in the United States and other areas cast doubts over a pick-up in fuel demand.

In intra-day trade, Brent crude prices were trading at 43 dollars per barrel while WTI crude prices were at 40 dollars and 50 cents per barrel.

Published by Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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