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Oil prices mixed as coronavirus concerns undercut support from lower U.S. crude stocks
Aug. 6, 2020
Source: Reuters

Oil prices mixed as coronavirus concerns undercut support from lower U.S. crude stocks

Oil prices were mostly flat on Thursday, as a boost from lower-than-expected U.S. crude stocks that lifted the market to five-month highs in the previous session gave way to fuel demand concerns amid rising coronavirus infections. U.S. WTI crude eased 0.1%, to $42.16, while Brent crude rose nearly 0.2% to $45.25. The two benchmark contracts rose more than 1% on Wednesday to their highest since March 6.

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