Brent posts losses on fresh demand concerns

16.10.2020

Oil prices fell nearly 3% on Thursday as new restrictions to stem a surge in COVID-19 infections increased uncertainty over the outlook for economic growth and a recovery in fuel demand.

Brent futures fell $1.09, or 2.5%, to $42.23 a barrel by 10:24 a.m. EDT (1424 GMT), while U.S. West Texas...