Oil heading for weekly drop
London
Oil prices fell yesterday and were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya. Brent crude LCOc1 was down 30 cents at $41.64 a barrel by 1115 GMT, while US West Texas Intermediate (WTI) crude CLc1 fell 43 cents to $39.88. Brent is heading for a drop of more than 3% this week.
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