Oil steady as virus infections rise, but hopes for vaccine lends support

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Oil prices were little changed on Monday as coronavirus cases increased in many countries, though cautious investor optimism about a potential COVID-19 vaccine and ongoing talks over a European Union fund to revive economies hit by the pandemic curbed losses.

Brent crude LCOc1 was down 6 cents, or 0.1%, at $43.08 per barrel by 11:34 a.m. ET (1534 GMT), while U.S. West Texas Intermediate (WTI) CLc1 was up 1 cent at $40.60.

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