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Oil prices continued the journey downhill for the fourth straight day. The market is concerned with the resurgence of coronavirus and growing output from Libya. Brent decreased by 0.8%, to $42.30 a barrel. WTI fell by 0.6%. Commonwealth Bank has shown concerns saying “We don’t think oil markets are in a position to absorb the around 2% of global supply that OPEC+ are expected to restart from 1 January 2021”.
