Oil prices dip as US Coronavirus spike stokes demand worries

Oil prices today dipped as industry data showing a build in U.S. crude stockpile added s to worries about oversupply while a surge in coronavirus cases in the United States and other areas cast doubts over a pick-up in fuel demand.

In intra-day trade, Brent crude prices were trading at 43 dollars per barrel while WTI crude prices were at 40 dollars and 50 cents per barrel.