Friday, October 16, 2020

Oil falls as possible OPEC+ supply boost, COVID-19 spike weigh on sentiment

Brent crude futures for December dropped 22 cents, or 0.5%, to $42.94 a barrel by 0154 GMT, while U.S. West Texas Intermediate (WTI) crude futures for November delivery slid 16 cents, or 0.4%, to $40.8 a barrel. Both benchmarks fell slightly the previous day; however, they are headed for small gains for the week.

from Markets-Economic Times https://economictimes.indiatimes.com/markets/commodities/news/oil-falls-as-possible-opec-supply-boost-covid-19-spike-weigh-on-sentiment/articleshow/78692535.cms

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