Crude oil has had an interesting August, but on the whole, prices are likely to end the month lower than they started it. West Texas Intermediate shed some 6 percent this month, Bloomberg reports, and if it loses more today, it would be the sharpest drop since last October. Brent crude is doing a little better, likely to end the month where it started it, around $72 per barrel even after it endured a dive to some $65 per barrel two weeks ago.
Oil prices have been battered by a number of events this month, chief among them the resurgence of Covid-19…Oil Poised For Monthly Loss Despite Supply Outages
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