7/24, 9:48 AM (Source: TeleTrader)
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Oil falls on COVID-19 worries, US inventories growth

Prices of crude ticked lower on Friday as inventors' concerns over coronavirus remained in focus. The United States surpassed 4 million confirmed cases of infection, while both India and Mexico registered a record high in the number of COVID-19 cases in the past day.

Meanwhile, US oil stockpiles jumped by 4.9 million barrels to 536.6 million barrels last week.

West Texas Intermediate (WTI) for September settlement went down by 0.83%, selling for $40.73 per barrel at 3:36 am ET, while Brent for deliveries in the same month slid 0.53% a minute later to go for $43.08 per barrel.

Breaking the News / GA