Oil set for weekly loss as increase in Covid-19 cases creates demand concerns

Record rise of infections in the US fuels worries for recovery in fuel demand

Bad week: both Brent and WTI are on track to post weekly losses following a surge of coronavirus cases in the US
Bad week: both Brent and WTI are on track to post weekly losses following a surge of coronavirus cases in the USPhoto: REUTERS/SCANPIX
Published 10 July 2020, 05:47Updated 10 July 2020, 05:47