Drilling rigs
Oil prices declined on Monday as renewed coronavirus restrictions in certain European countries added to oil demand recovery concerns.
International benchmark Brent crude was trading down 0.6% at $64.17 per barrel, at 9.05 am Makkah time.
West Texas Intermediate (WTI) crude fell 0.3% to $61.21 per barrel.
“The reality is that we’re still a long way from a full demand recovery,” Reuters reported, citing Stephen Innes, chief global market strategist at Axi.
Meanwhile, Germany is said to be planning to extend a COVID-19 lockdown into a fifth month.
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