How Can You Make Profit In Crude Oil Segment? Join And Secure Your Investment with https://www.mcxexperttrade.com
Oil off 7-week lows but under pressure as release of reserves eyed.
Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand.
Brent lost 14 cents, or 0.2%, to $78.75 a barrel as of 0502 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 4 cents at $75.90 a barrel.