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Drop in oil prices due to uncertainty of fuel demand
Aug. 7, 2020
Source: Reuters

Drop in oil prices due to uncertainty of fuel demand

Oil prices took a hit on Friday, adding to losses from the previous session. U.S. West Texas Intermediate (WTI) crude CLc1 futures slipped 0.41%, to $41.78 a barrel by 0651 GMT, while Brent crude LCOc1 fell 0.38%, to $44.92. The bouncing back of fuel demand depends entirely on the resurgence from the pandemic.

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