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Oil falls more than 1% as surging COVID-19 cases stoke demand fears

October 26, 2020 Business, Market, Markets-Economic Times

Brent crude was down by 53 cents, or 1.3%, at $41.24 by 0052 GMT. U.S. West Texas Intermediate (WTI) dropped 53 cents, or 1.3%, to $39.32, having fallen more than a dollar shortly after the start of trading. Brent fell 2.7% last week and WTI dropped 2.5%.

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