Crude firms on US stocks drop but Covid-19 resurgence tempers rally

Oil price rise overshadowed by rise in coronavirus cases in US and Europe that threatens fuel demand

Reduced fuel demand: amid second wave of Covid-19 pandemic — Reduced fuel demand: amid second wave of Covid-19 pandemicPhoto: AFP/NTBSCANPIX

Reuters
Upstream staff

American Petroleum Institute Bjornar Tonhaugen Europe USA Germany

Published 5 August 2020, 09:19Updated 5 August 2020, 09:21