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Oil steadies as dollar slumps but Covid-19 pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week

crude oil prices
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The US dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks

Reuters New York
Oil prices were little changed on Monday, supported by a weaker US dollar but pressured by concerns about the impact on demand from rising coronavirus cases in India and other countries.

Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week. West Texas Intermediate (WTI) US oil was up 3 cents at $63.16 a barrel, having gained 6.4% last week.

The US dollar traded at a six-week low versus major peers on Monday, with Treasury yields hovering near their weakest in five weeks.

With oil priced in dollars, a softer greenback could

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