Crude settles lower as COVID-19 surge threatens demand outlooks

MOSCOW (MRC) -- Oil futures settled lower Oct. 26 as demand outlooks came under pressure amid a surge in COVID-19 cases in the US and Europe, reported S&P Global.NYMEX December WTI settled USD1.29 lower at USD38.56/b, and ICE December Brent was down USD1.31 at USD40.46/b. Front-month WTI last settled lower Oct. 2.Oil demand outlooks have dimmed as a return to broader social lockdowns app

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