Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand.
Brent crude futures declined by 44 cents, or 1.02%, to $42.66, after hitting a high of $43.19.
West Texas Intermediate crude futures fell 53 cents, or 1.3%, to $40.10 a barrel, after a high of $40.79.
Sixteen U.S. states have reported record increases in new COVID-19 cases in the first five days of July, according to a Reuters tally.
Source : Reuters
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