Oil drops, Brent falls back below $44
Oil prices fell on Thursday, as the US dollar rose against most majors, amid fears over the escalating coronavirus crisis.
Investors are anticipating the OPEC-Plus meeting by the end of this month, to review the latest developments in the market as some countries are facing a second wave of Covid-19 infections.
OPEC-Plus will also discuss demand and supply amid expectations of delaying the planned output increase in the coming period.
The dollar index rose against a basket of major currencies by 0.2% to 92.4 points as of 18:05 GMT, after hitting a high of 92.7 points and a low of 92.4 points.
As of 18:05 GMT, WTI crude December futures fell 0.8% to $41.4 a barrel, after hitting a high of $41.8 and a low of $41.08.
Brent January futures fell 1% to $43.9 a barrel, after hitting a high of $44.5 and a low of $43.7.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1923
|
0.0029
|
0.2413%
|
|
|
|
|
1.3334
|
-0.0049
|
0.3639%
|
|
|
|
Tadawul
|
8693.47
|
65.41
|
0.76%
|
|
|
|
|
23.278
|
-0.767
|
3.192%
|
|
|
|
|
45.335
|
2.510
|
5.861%
|
|
|
|
|
48.07
|
0.24
|
0.50%
|
|
|
|
|
1808.665
|
-57.845
|
3.099%
|
|
