By Yuka Obayashi TOKYO (Reuters) - Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand. Brent crude futures slid 26 cents, or 0.6%, to $43.26 a barrel by 0253 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 29 cents, or 0.7%, at $39.98 a barrel. Brent posted a fourth...
Full ArticleOil falls on supply glut fears as OPEC+ set to boost output
WorldNews
0 shares
1 views
You might like
Related news coverage
Oil Prices Fall On Supply Glut Fears
Oil prices fell on Monday amid concerns about oversupply as OPEC and its allies wind back output cuts in August.
RTTNews