SEOUL - Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, stoked worries that a fuel demand recovery could stall.
Brent crude LCOc1 futures were down 29 cents, or 0.7%, at $42.85 a barrel as of 0339 GMT, and U.S. West Texas Intermediate crude CLc1 futures fell 31 cents, or 0.8%, to $40.34 a barrel. Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices. New U.S. COVID-19 cases rose by more than 50,000 on Thursday, setting a record for a third consecutive day, according to a Reuters tally.
Should the number of coronavirus cases continue to grow and increase the need to take stronger measures to stem the spread of the virus, the weakened growth implications of such policies could weigh on crude oil prices, Zabelin said.
I'd still like to know why I paid $1.59 for gas in the midwest and it cost more than twice that in California. It's the same gas. Californians are getting ripped off.
sweet
Confirmed Cases, Deaths & Recoveries
it is the end of time.
Soon there will be a strong push to reopen everything.
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