Oil falls on fears over rising virus cases worldwide

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On Monday, oil prices fell as concern grew that a record rise in global coronavirus infections could stall recovery in fuel demand, outweighing tighter supplies from major producers.

Brent crude LCOc1 was down 24 cents, or 0.6%, at $41.95 a barrel by 1141 GMT. The West Texas Intermediate (WTI) crude contract for August CLc2, which became the day’s more active contract, fell 25 cents, or 0.6%, to $39.58.

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