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Oil prices fall amidst resurging COVID-19 cases
July 3, 2020
Source: Reuters

Oil prices fall amidst resurging COVID-19 cases

Oil prices fell in the international market on Friday, as more coronavirus cases start to appear globally and in the United States indicating that a fuel demand recovery could be delayed. Brent crude slipped 0.8%, at $42.79 a barrel. U.S. WTI crude was priced 0.9% lower, at $40.30 a barrel. “Crude oil prices are notoriously fickle when it comes to oscillations in global sentiment,” said an analyst at DailyFX.

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