Nov. 2, 2020
Source: Reuters

More than 3% drop experienced by oil prices

Oil prices tumbled by more than 3% as this week started. Worries of weakening fuel demand due to lockdown in Europe swept the market. Brent decreased by 3.1%, to $36.78 a barrel. WTI slipped by 3.5%, to $34.55 a barrel. “The lockdown measures announced by the UK and Italy are just adding to the deteriorating European situation,” said CMC.

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