Saturday, December 21, 2024
Oil steady as surge in virus cases clouds demand recovery- oil and gas 360

Oil steady as surge in virus cases clouds demand recovery

CNBC Oil prices were slightly higher on Monday despite rising coronavirus cases that upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week’s slips. Brent crude traded 3 cents higher at $41.95 per barrel, after dropping 2.9% last week. U.S. West Texas Intermediate was at