United Kingdom

Crude oil prices fall amid demand concerns

New York, November 19 (Xinhua)-Oil prices fell on Thursday as investors worried that a surge in COVID-19 infections could cloud the outlook for oil demand.

West Texas Intermediate (WTI) delivered in December fell 8 cents to $ 41.78 a barrel on the New York Mercantile Exchange, and Brent crude oil delivered in January fell 14 cents to 44.20 barrels on the London ICE Futures Exchange. I closed the deal in dollars. ..

The surge in new coronavirus cases in some major economies has raised concerns about weak demand.

According to data from Johns Hopkins University, more than 56.6 million COVID-19 cases have been reported, with more than 1.35 million deaths as of Thursday afternoon.

The United States suffers most from pandemics, with more than 11.6 million cases and more than 251,700 deaths.

In their respective reports, released earlier this month, both the International Energy Agency and OPEC have revised down their estimates of global oil demand this year.

Crude oil prices fall amid demand concerns

SourceCrude oil prices fall amid demand concerns

Back to top button