Oil prices slip as worsening Covid-19 threatens recovery in fuel demand

More than 14 million people have been infected by the novel coronavirus globally and nearly 602,000 have died, according to a Reuters tally

Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand.

Brent crude was down 10 cents, or 0.2%, at $43.04 a barrel by 0047 GMT, after dropping slightly last week. U.S. oil was off by 6 cents, or 0.2%, at $40.53 a barrel, after gaining 4 cents last week.

"With global daily Covid-19 case counts still rising and the U.S. Sunbelt most populous states showing little success in bending and containing the (epidemic's) curve, concerns about the post-Covid recovery pace are limiting the upside for oil,"