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Oil prices decline on Tuesday
Oct. 20, 2020
Source: Reuters

Oil prices decline on Tuesday

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”.

   Read More About : Brent Price Libya Oil Prices WTI
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