Oil prices reverse some losses but demand concerns persist

MOSCOW (MRC) -- Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand, reported Reuters. Brent crude LCOc1 was up 29 cents, or 0.7%, at USD40.07 a barrel by 1339 GMT after dropping more than 5% on Tuesday to fall below USD40 a barrel for the first time sin

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