Oil drops on resurgence in coronavirus cases

Rise in US oil inventories also weighs on prices as concern grows over demand recovery

Coronavirus resurgence: a rise in Covid-19 cases has fueled concern over demand — Coronavirus resurgence: a rise in Covid-19 cases has fueled concern over demandPhoto: AP/SCANPIX

Reuters

USA Dimitri Zabelin ANZ Research Energy Information Administration Americas

Published 3 July 2020, 04:59Updated 3 July 2020, 04:59