Oil prices drop more than 3% with the increase in Corona injuries and the recovery of Libyan production

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CNBC – Oil futures prices fell more than 3% during trading today, Monday, extending losses last week with the continued rise in cases of Coronavirus in the United States and Europe, while the recovery of crude production in Libya raises fears of an abundance of supplies.

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Brent crude, the world benchmark for nearest maturity, was down 3.16% at $ 40.42 a barrel by 1615 GMT.

U.S. West Texas Intermediate crude futures fell 3.25% to $ 38.51 a barrel.

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