Oil prices fall for 5th consecutive session

Oil prices yesterday declined for a fifth consecutive session after official data showed a further increase in U.S. crude and fuel inventories.

 

Surging Coronavirus cases worldwide also dampened hopes of further demand



recovery. 

 

In intra-day trade, Brent crude prices were trading around 67 dollars and 80 cents per barrel while WTI crude prices were around 64 dollars and 40 per barrel.