Nov. 3, 2020
Source: Reuters

Oil prices hold steady

US presidential election has impacted the oil prices making them go steady on Tuesday. However, the gains are capped by the surplus supply worries. Brent inched up and was traded at $38.98 a barrel. WTI increased by 0.2% and was traded at $36.89 a barrel. With the second series of the lockdown being imposed in various parts of Europe, fuel demand hit a speed hump.

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