Oil drops more than 1% as rising Covid-19 cases spark demand fears

CNBC | Oil prices fell around 1% on Tuesday, as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide.


Brent crude futures fell 19 cents, or 0.44%, to $43.22 a barrel, while West Texas Intermediate crude futures settled 56 cents, or 1.35%, lower at $41.04 per barrel.


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