NEW YORK: Oil prices fell about US$1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.
Brent crude futures fell 94 cents, or 2.2%, to settle at $42.35 a barrel, after gaining 0.5% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures fell $1.28, or 3.1%, to settle at $39.62 a barrel.
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