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Oil falls more than 1% as surging COVID-19 cases stoke demand fears

Updated : October 26, 2020 08:36 AM IST

Brent crude and US West Texas Intermediate (WTI) dropped 1.3 percent each in trade today.
Brent fell 2.7 percent last week and WTI dropped 2.5 percent.
“A resurgence in COVID-19 cases in Europe and North America has stopped the recovery in demand in its tracks,” ANZ Research said in a note.

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