Oil prices decline amid coronavirus concerns


  • World
  • Friday, 06 Nov 2020

NEW YORK, Nov. 5 (Xinhua) -- Oil prices moved lower on Thursday as a spike in COVID-19 cases rekindled concerns over energy demand.

The West Texas Intermediate for December delivery lost 36 cents to settle at 38.79 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery decreased 30 cents to close at 40.93 dollars a barrel on the London ICE Futures Exchange.

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