Oil drops 3% as coronavirus infections surge

Oversupply fears on Libyan oil output rebound also dampened prices

Oil price: Brent dropped $1.31, or 3.1%, to settle at $40.46 a barrel — Oil price: Brent dropped $1.31, or 3.1%, to settle at $40.46 a barrelPhoto: REUTERS/SCANPIX

Reuters

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Published 26 October 2020, 21:31Updated 26 October 2020, 21:31