Oil Falls As Europe Expands Lockdowns ...Middle East

Economy by : (OILPRICE) -
After ending the worst month since March, oil prices extended losses early on the first trading day in November on Monday, as more European countries announced lockdowns and as traders are bracing for volatility during and after the U.S. presidential election. As of 9:05 a.m. EST on Monday, WTI Crude was down 0.78 percent at $35.46, and Brent Crude prices were falling 0.55 percent at $37.67. Oil prices crashed at the end of last week after a U.S. crude oil inventory build added to lockdowns in France and Germany to weigh on the outlook for global…

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