TOKYO, Oct 26 (Reuters): Oil fell more than 2% on Monday, extending last week's losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment.
Brent crude was down 89 cents, or 2.1%, at US$40.88 by 0647 GMT. U.S. West Texas Intermediate (WTI) dropped 89 cents, or 2.2%, to US$38.96, having fallen more than a dollar shortly after the start of trading.
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