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AAA Reports National Gas Price Average Dips as Crude Oil Prices See Dramatic Fluctuation – California at $4 33 Rises One Cent Week-Over-Week
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Oil prices flat as tight supply counters virus spread
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Iraq wants American firm to replace Exxon, prime minister says
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Oil edges higher as tight supply outweighs virus spread
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Money managers cut net long U.S. crude futures last week - CFTC
Oil market deficit set to last but virus clouds demand
LONDON, July 26 (Reuters) - Oil prices fell on Monday due to concerns over fuel demand caused by the spread of COVID-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year.
Brent crude futures for September fell 35 cents, or 0.4%, to $73.75 a barrel by 1100 GMT while U.S. Texas Intermediate crude was at $71.63 a barrel, down 44 cents or 0.6%.
Both benchmarks slipped over $1 a barrel in earlier trading.
Coronavirus cases continued to rise over the weekend with some countries reporting record daily increases and extending lockdown measures that could slow oil demand. China, the world s largest crude importer, has also seen a rise in COVID-19 cases.