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 ce

Editorial Team Legacy

Published 26 September 2020, 8:00 · Updated 22:14

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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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