New virus shutdowns make oil prices drop

Oil prices decline once more, reaching their lowest level in five months.


Oil prices dropped Thursday evening CET, hitting a low point for the past five months, with new coronavirus shutdowns having impacted demand recently, Reuters reports.

A barrel of European reference oil Brent Friday morning costs USD 37.80 against USD 37.34 Thursday evening and USD 37.54 Thursday afternoon. US benchmark crude West Texas intermediate concurrently trades at USD against USD 35.86 and USD 35.78.

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