Crude prices printed their third weekly loss in four at the end of its most recent trading session.
In Thursday's trading session, Crude oil prices fell
Gold futures was down 0.89% to trade at $1,890.60 an ounce on Wednesday's trading session.
Oil benchmarks fell around 4% on Monday following rising concerns of increased coronavirus cases.
Oil traders are panicky over the potential hit on oil prices following higher output in Libya.
Both crude oil benchmarks remained above the $40-mark.
U.S. West Texas Intermediate felly by 1.57%, to trade at 39.53/barrel, after gaining 4.9% yesterday.
Gold futures edged up 0.46% to trade at $1975.30