U.S. West Texas Intermediate crude futures fell 22 cents, or 0.5% to $40.79 a barrel at 0132 GMT, while Brent crude futures fell 27 cents, or 0.6% to $43.88 a barrel.
“On the demand side, we had quite encouraging global manufacturing ... but there’s still quite a bit of evidence of the oil demand recovery stalling in quite a few markets with a resurgence of COVID-19,” said Lachlan Shaw, head of commodity research at National Australia Bank . In a further sign of a patchy rebound in demand, analysts estimate U.S. refined product stockpiles rose last week, according to a preliminary Reuters poll ahead of data due from the American Petroleum Institute industry group later on Tuesday and the U.S. government on Wednesday.
Buy and drive an electric car and it’ll forever stay negative.
too much oil on the market ! obviously
As soon as holiday rolls in price goes up!
The slug of a line that bill wrap could facilitate interests me.
COOL!
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