KONTAN.CO.ID - SINGAPORE. Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments' renewed restrictions to curb a second wave of coronavirus infections and signs of a growing global oil supply glut send prices tumbling. U.S. West Texas Intermediate (WTI) crude futures edged down 8 cents, or 0.21%, to $37.31 a barrel by 0743 GMT, while Brent crude futures were down 12 cents, or 0.31%, at $39.00. Amid surging COVID-19 cases in Europe, France will require people to stay home for all but essential activities as of Friday, while Germany will shut bars, restaurants and theatres from Nov. 2 through the end of the month.
Oil extends losses on renewed coronavirus lockdowns, over-supply worries
KONTAN.CO.ID - SINGAPORE. Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments' renewed restrictions to curb a second wave of coronavirus infections and signs of a growing global oil supply glut send prices tumbling. U.S. West Texas Intermediate (WTI) crude futures edged down 8 cents, or 0.21%, to $37.31 a barrel by 0743 GMT, while Brent crude futures were down 12 cents, or 0.31%, at $39.00. Amid surging COVID-19 cases in Europe, France will require people to stay home for all but essential activities as of Friday, while Germany will shut bars, restaurants and theatres from Nov. 2 through the end of the month.