Oil dips on US-China tensions, rising virus cases
NEW YORK: Oil prices edged lower on Monday despite a weaker US dollar, as rising coronavirus cases and tensions between the United States and China clouded the outlook for oil demand’s recovery.
Brent crude fell 25 cents to $43.09 a barrel by 12:53 p.m. EDT (1653 GMT), while US West Texas Intermediate (WTI) crude fell 2 cents to $41.27 a barrel.
