Oil heading for weekly drop | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Oil heading for weekly drop


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.