Oil drops 3% on weak demand outlook and higher Opec supplies

Global death toll from Covid-19 has surpassed 1 million mark

Oil price: Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrel — Oil price: Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrelPhoto: REUTERS/SCANPIX

Reuters

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Published 1 October 2020, 21:31Updated 1 October 2020, 21:31