Tuesday, August 25, 2026
Oil falls as coronavirus cases rise and U.S. vote count continues- oil and gas 360

Oil falls as coronavirus cases rise and U.S. vote count continues

Reuters LONDON – Oil fell towards $40 a barrel on Friday as new lockdowns in Europe to halt surging COVID-19 infections sparked concern over the demand outlook while drawn-out vote counting in the U.S. election kept markets on edge. Italy recorded its highest daily number of COVID-19 infections on Thursday while cases surged by at least 120,276 in the United