Oil price flat after hitting 5-month high in previous session

Prices move little in early trade as concerns over rising coronavirus cases start to offset surprise drop in US oil inventories

LIttle movement: oil prices were flat in early trade as rising Covid-19 cases offset falling US inventories — LIttle movement: oil prices were flat in early trade as rising Covid-19 cases offset falling US inventoriesPhoto: AP/SCANPIX

Reuters

USA Energy Information Administration ING Economics Stephen Innes production

Published 6 August 2020, 05:42Updated 6 August 2020, 05:42