Oil settles lower on rise in US coronavirus cases

US oil and gas rigs hit new all-time low this week, according to Baker Hughes data

Oil price: Brent crude futures settled down 3 cents at $40.91, falling 1% on the week — Oil price: Brent crude futures settled down 3 cents at $40.91, falling 1% on the weekPhoto: REUTERS/SCANPIX

Reuters

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Published 26 June 2020, 21:59Updated 26 June 2020, 21:59