Oil prices fall nearly 3% on sluggish coronavirus recovery
NEW YORK: Oil prices dropped nearly 3% on Friday as the economic recovery worldwide has run into stumbling blocks due to renewed coronavirus lockdowns, even as major global crude producers limit crude supply.
The euro zone’s economic recovery from its deepest downturn on record has stalled this month as the pent-up demand unleashed by the easing of lockdowns in July has dwindled, a survey showed.
