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Oil prices continue their losses due to the increase in US stocks and Corona fears

 Texas - ALSHARQIYA  July 1 : Oil prices continued to decline after tumbling more than 5% in the previous session, as the record increase in US crude stocks and the rapid spread of Covid-19 cases cast a shadow of doubt over recovering fuel demand.

US West Texas Intermediate crude futures fell 2 percent to $ 37 and 21 cents a barrel, after falling two dollars and 40 cents yesterday.

Brent crude futures fell about 1.8% to $ 39 and 59 cents a barrel, after it fell by two dollars and thirty cents a barrel yesterday.

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