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Oil Prices Fall to Lowest in Two Weeks

M. Ali 2 October, 2020 1:27 am Commodities, Market Update

Oil prices declined on Thursday, to finish at its lowest level in about two weeks, amid renewed concerns about the global demand recovery and the rising number of COVID-19 cases in many countries.

Brent crude futures for December delivery fell by $1.37, or 3.2%, to close at $40.93 per barrel, it lowest since September 15.

Meanwhile, West Texas Intermediate (WTI) crude futures for November delivery dropped by $1.50, or 3.7%, to finish at $38.72 per barrel.

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