Wednesday, September 24, 2025
Oil slides on COVID-19 resurgence and strong dollar- oil and gas 360

Oil slides on COVID-19 resurgence and strong dollar

Reuters LONDON – Oil prices fell on Friday, dragged down by concerns that a spike in COVID-19 cases in Europe and the United States is curtailing demand in two of the world’s biggest fuel consuming regions, while a stronger U.S. dollar also pressured prices. Brent crude futures for December LCOc1 were down 73 cents, or 1.7%, at $42.43 a barrel by 1226