Oil prices slide as virus surge weighs on demand outlook – ZAWYA

Oil prices slide as virus surge weighs on demand outlook – ZAWYA

Oil prices slide as virus surge weighs on demand outlook The most-active Brent crude contract for October fell 51 cents, or 1.2%, to $43.58 a barrel    A 3D printed oil pump jack is seen in front of displayed stock graph in this illustration picture, April 14, 2020. LONDON - Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output.The most-active Brent crude contract for October fell 51 cents, or 1.2%, to $43.58 a barrel at 0907 GMT. The September Brent contract, which is expiring on Friday, fell 56 cents to $43.19 a barrel.U.S. West Texas Intermediate (WTI) crude futures were down 60 cents, or 1.5%, at $40.67 a barrel.The most-active Brent crude contract for October fell 51 cents, or 1.2%, to $43.58 a barrel at 0907 GMT. The September Brent contract, which is expiring on Friday, fell 56 cents to $43.19 a barrel.LONDON - Oil prices fell on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise output.U.S. West Texas Intermediate (WTI) crude