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Oil prices reformed, dropping demand still a concern
July 30, 2020
Source: Reuters

Oil prices reformed, dropping demand still a concern

Oil prices changed little on Thursday, restrained by concerns that surging coronavirus infections could jeopardize a recovery in fuel demand just as major oil producers are set to raise output. Brent crude was up 4 cents at $44.13 a barrel. U.S. WTI crude was down one cent at $41.26 a barrel. Prices were anchored on Thursday by demand concerns with a rise in COVID-19, raising the prospect for lockdowns to be reimposed.

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