Oil slides as rising US stocks fan oversupply concerns

Rising Covid-19 cases in the US and Europe also adds pressure on prices

Oversupplied: rising US oil inventories weighed on oil prices while a spike in Covid-19 cases also caused concern for demand — Oversupplied: rising US oil inventories weighed on oil prices while a spike in Covid-19 cases also caused concern for demandPhoto: AP/SCANPIX

Reuters

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Published 28 October 2020, 07:05Updated 28 October 2020, 07:05