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Oil Prices drop as rising US coronavirus cases stoke fears of weak fuel demand
June 15, 2020
Source: Reuters

Oil Prices drop as rising US coronavirus cases stoke fears of weak fuel demand

Oil prices fell on Monday, with US oil dropping more than 2%, as a spike in new coronavirus cases in the US raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery. Brent crude futures fell 1.7%, at $38.07 a barrel; while US West Texas Intermediate (WTI) crude futures fell 2.2%, to $35.45 a barrel.

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