Oil declines as US virus cases hit record, heading for weekly fall


TOKYO, July 10 (Reuters): Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere could suppress fuel demand.

Brent crude was down by 73 cents, or 1.7%, at $41.62 a barrel by 0712 GMT after falling more than 2% on Thursday. U.S. oil fell 83 cents, or 2.1%, at $38.79 a barrel after a drop of 3% in the previous session.

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