Oil prices slid on Tuesday on lingering concerns over the threat to fuel demand from the resurgence of new coronavirus infections around the world, though hopes for further cuts in crude supplies stemmed losses.
Oil prices slid on Tuesday on lingering concerns over the threat to fuel demand from the resurgence of new coronavirus infections around the world, though hopes for further cuts in crude supplies stemmed losses.
A glut of oil supplies sent United States crude prices spiralling to a 20-year low on Monday, as caution gripped Asian share markets on expectations that a busy week of corporate earnings reports and economic data will drive home the damage done by the global coronavirus lockdown.