Sun, 2020-09-06 00:35
Oil prices retreated after last week’s rebound as Brent dropped to $42.66 per barrel and WTI weakened to $39.77 per barrel, dipping below the $40 barrier for the first time since June.
A weak outlook for global oil demand has revived concerns about the slow pace of recovery from the COVID-19 pandemic, with especially weak gasoline demand in the US at the end of the summer driving season.
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