Oil Down as Surging COVID-19 Cases in India Overshadow Anticipated Demand Increase By Investing.com – Investing.com

Oil Down as Surging COVID-19 Cases in India Overshadow Anticipated Demand Increase By Investing.com – Investing.com

By Gina Lee

Investing.com – Oil was down Monday morning in Asia as ever-surging COVID-19 cases in countries such as India dampen fuel demand hopes.

edged down 0.18% to $66.64 by 11:06 PM ET (3:06 AM GMT) and edged down 0.13% to $63.50.