Brent futures fell 52 cents, or 1.2%, to settle at $42.72 a barrel, while U.S. West Texas Intermediate (WTI) crude lost 45 cents, or 1.1%, to settle at $40.10. The market also remained on edge due to growing U.S. and European disputes with China.
NEW YORK: Oil prices slipped about 1% on Monday after global coronavirus cases rose by a record daily amount, fanning fears of renewed government lockdowns, and on growing U.S. and European tension with China.
Prices moved lower in post-settlement trade as California's governor on Monday clamped new restrictions on businesses as coronavirus cases and hospitalizations soared.
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