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State News

Oct 20, 2020
9:29PM

Oil prices witness marginal gains amid concern of spike in COVID-19 cases

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Oil prices were trading in a narrow range today and logged marginal gains.

The crude prices remained almost steady mainly due to concerns that a spike in COVID-19 cases in the United States and Europe will continue to drag on demand in two of the world’s biggest fuel-consuming regions.

In intra-day trade, Brent crude prices were trading around 42 dollars and 70 cents per barrel while WTI crude prices were around 41 dollars per barrel.

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