EnergyWatch

Second-wave virus fears unsettle crude market

Oil prices decline off concerns about a coronavirus resurgence.

Photo: NICK OXFORD/REUTERS / X03416

The oil market is hit by anticipations of a second Covid-19 wave swelling in the US, leading to the first real weekly oil price slide since late April.

One barrel of European benchmark crude Brent trades for USD 37.95 Friday morning against USD 36.51 Thursday afternoon. US reference oil West Texas Intermediate sells at the same time for USD 35.69 per barrel compared to USD 36.51.

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