Oil falls as COVID-19 cases soar, Libya output jumps

MELBOURNE: Oil prices slipped on Tuesday as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases.

U.S. West Texas Intermediate (WTI) crude futures slipped 6 cents, or 0.2%, to $36.75 a barrel at 0159 GMT, while Brent crude futures fell 15 cents, or 0.4%, to $38.82.