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Oil Down, Increasing COVID-19 Cases Continue to Dampen Fuel Demand Outlook

Oil prices fell on Monday as concerns about fuel demand from the spread of COVID-19 variants and floods in China offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while U.S. Texas Intermediate crude was at $71.62 a barrel, down 45 cents. Coronavirus cases continued to rise over the weekend with some countries posting record daily increases and extending lockdown measures that
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