Oil prices tumble as new Covid outbreak in Europe threatens fuel demand

The price of crude continued

The price of crude continued to slide on Friday for the sixth day in a row. It is down nearly 9% for the week, as a new wave of Covid infections across Europe has led to new lockdowns and doubts over recovery in fuel demand.

Global benchmark Brent was trading around $63 a barrel on Friday, while US West Texas Intermediate (WTI) was down below $60 per barrel.

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