Oil prices end trading lower as Corona casualties increase


Oil prices ended Thursday’s trading, down with concerns about an increase in the incidence of the Corona epidemic.

Investors are increasingly concerned about the possibility of the return of the closure in some US states and in some countries of the world with the increasing number of new cases of “Covid-19” virus.

The United States reported more than 58,000 cases of the epidemic yesterday, the largest increase in a single day, with the fact that infection is increasing in 42 out of 50 states.

Black gold failed to take advantage of yesterday’s US Energy Information Administration data that revealed gasoline stocks in the United States fell by about 4.8 million barrels last week, with demand rising to 8.8 million barrels per day, the highest level since March 20.

Upon settlement, the price of US NYMEX crude for August delivery fell 3.1 percent to $ 39.62 a barrel.

By 6:40 pm GMT, the price of Brent crude for September delivery in September fell to $ 42.39 a barrel, down 2.08 percent.

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