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OIL PRICES SLUMP AHEAD OF U.S. ELECTION

Published On 02 Nov 2020 05:55 PM


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Highlights

• Brent crude fell 80 cents, or 2.1 percent to $37.14 per barrel, while the US West Texas Intermediate slumped 93 cents, or 2.6 percent to $34.86

• Another factor that impacted oil prices was sudden rise in new COVID-19 cases in European countries, which led them to reimpose lockdown in order to curb infection rates

• Trafigura expects oil demand to slump to 92 million barrels per day (bp....


Tags : Oil prices, Crude oil, U.S. election, COVID-19, lockdown, ,
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