Oil prices slip on potential Libyan output resumption

Oil prices fell on Monday, weakened by the possible resumption of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the U.S. Gulf of Mexico.

Brent crude LCOc1 was down 78 cents at $42.37 a barrel by 0909 GMT, set for its biggest daily drop in two weeks. U.S. crude CLc1 fell 84 cents to $40.27 a barrel.