oil futures closed sharply lower on Tuesday, as Brent crude fell below $ 40 a barrel for the first time since June, while US crude fell nearly eight percent .
According to Reuters, this drop in oil prices comes after Saudi Arabia reduced selling prices for shipments for the month of October, and with increases in cases of Covid-19 in a few countries .
Coronavirus infections are rising in India, Britain, Spain and a few American states, where the infection rate has been out of control for months.
The rising number of coronavirus cases could weaken the global economic recovery and undermine demand for fuel.
and US WTI contracts ended the trading session down $ 3.01, or 7.6 percent, to settle at $ 36.76 a barrel after it plunged earlier in the session To levels not seen since June 15.
Brent contracts fell $ 2.23, or 5.3 percent, to settle at $ 39.78 a barrel. The two benchmarks are both below the trading ranges that have continued since August.
Brent fell for the fifth session in a row, losing more than 10 percent since the end of August.
(Amazon fun knowledge)
