SINGAPORE: Oil prices fell on Monday as a catastrophic second wave of a coronavirus epidemic in India cut short a recovery in oil demand there, offsetting optimism about a strong rebound in consumption in developed countries and China in the second half of the year.
Brent crude futures for July fell 48 cents, or 0.7%, to $66.28 a barrel by 0620 GMT while U.S. West Texas Intermediate for June was at $63.11 a barrel, down 47 cents, or 0.7%.
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