Oil falls as virus cases rise and OPEC+ set to boost output
LONDON : Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.
Brent crude slid 40 cents, or 0.9%, to $43.12 a barrel by 0845 GMT, and U.S. West Texas Intermediate (WTI) crude was down 46 cents, or 1.1%, at $39.81.
In the last month, Brent has been trading in a range between $41 and almost $45.
