Oil prices down on rising infection rates

Preliminary findings show that US oil stockpiles in all likelihood fell for the fifth week in a row last week, Reuters reports.

BY RITZAU FINANS

Oil prices decline Tuesday morning CET on concerns about rising infection rates, though the price drop is curbed by an expected decline in US oil inventories for the fifth consecutive week.

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2020 will be a historically dreadful year for oil impairments
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Oil prices squeezed after infection surge in China
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