Demand halt: Pump jacks operating in New Mexico. Bullish sentiment on the commodity has been capped by the Covid-19 pandemic. — AFP
SINGAPORE: Oil prices slid for a second straight session yesterday as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand.
Brent crude dropped 83 cents, or 2%, to US$40.19 a barrel by 0456 GMT, while US crude was at US$37.69, down 80 cents, or 2.1%.
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