Oil prices fell on Tuesday amid concerns that a possible rise in COVID-19 cases following the U.S. Labor Day long weekend, which also marks the end of the peak U.S. driving season, could squeeze demand for fuel.
Coronavirus cases rose in 22 of the 50 U.S. states, a Reuters analysis showed, on the holiday weekend traditionally filled with gatherings to mark the end of summer. At the same time cases are flaring up in India and Britain.
Read alsoMerkel says sanctions on Nord Stream 2 over Navalny poisoning not ruled outU.S. West Texas Intermediate (WTI) crude CLc1 futures fell 76 cents, or 1.9%, to $39.01 per barrel at 0433 GMT, playing catch-up with a drop in Brent prices overnight.
Brent crude LCOc1 futures eased 8 cents, or nearly 0.2%, to $41.93 a barrel, after falling 1.5% on Monday.
Brent dropped on Monday after Saudi Arabia's Aramco, the world's top oil exporter, cut the October official selling prices for its Arab light crude, seen as a sign demand growth may be stuttering as COVID-19 cases flare up around the world.
