Post Tagged with: "resurgent Covid-19 in Europe"

FILE PHOTO: Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File Photo

Oil dives over 2%, below US$80 on resurgent COVID-19 pandemic in Europe


Oil prices fell on Friday below $80 a barrel as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices.

Brent futures …