Tag: Oil falls
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Oil falls on mounting COVID-19 cases, supply concerns
Oil edged lower on Friday, falling more than two per cent on the week as COVID-19 cases surged globally and oil supply is set to rise in coming weeks. Brent crude futures settled at $41.92 a barrel, down two cents while U.S. West Texas Intermediate (WTI) crude futures lost six cents to $40.25 a barrel.…