Oil steady despite surge in Coronavirus infections

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Oil prices were little changed on Monday after falling earlier as a record daily rise in global coronavirus cases boosted concerns that demand could fall again, while a producer meeting this week was expected to recommend an increase in output.

Brent futures remained unchanged at $43.24 a barrel by 11:23 a.m. EDT (1523 GMT), while U.S. West Texas Intermediate (WTI) crude rose 4 cents, or 0.1%, to $40.59.

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