Oil Updates — Crude dips on dampening demand outlook; Somalia rejects Genel Energy’s claim to oil permits

Oil Updates — Crude dips on dampening demand outlook; Somalia rejects Genel Energy’s claim to oil permits

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RIYADH: Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer. Brent futures for February fell 43 cents, or 0.52 percent, to $82.83 a barrel by 10.15 a.m. Saudi time, while US crude fell 77 cents, or…

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