Crude oil prices drop below $40/barrel, as COVID-19 caseloads approach 27.5 million
Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel.
Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel.
Brent crude was down by 0.17%, to $41.94 a barrel, after falling 1.5% on Monday.
Brent crude prices in the last few weeks, keep ranging between the $44-$46 ranges.
Gulf Coast energy infrastructures were mostly spared the brunt of the damage
Crude oil markets are still trading unusually been less volatile this week
Also Brent crude soared by 0.4%, to trade at $44.07, heading for a weekly rise around 0.5%.
Brent crude futures dropped about, or 0.75%, to trade at $45.12 a barrel by 05.37 am GMT.
China increased its order on energy and farm purchases ahead of a review of the Sino-U.S. trade deal.
Brent crude held most of it gains from the previous trading session.
Oil markets traded softer into the weekend on the back of escalating US-China tensions.