Corona in India drops oil prices from their highest in 6 weeks

On Friday, oil prices fell from their highest in six weeks, after weak data on Japan’s crude imports and concerns about fuel demand in India, where cases of Covid-19 jump.

The US benchmark West Cassas mediator and the world benchmark Brent crude recorded the biggest one-day loss in more than three weeks, but they ended the month with gains of about 6 percent and 8 percent, respectively, according to Reuters.
Brent contracts ended the trading session down $ 1.31, or 1.9 percent, to settle at $ 67.25 a barrel on the last trading day of contracts for June delivery.

US crude contracts for June delivery fell 1.43 dollars, or 2.2 percent, to settle at 63.58 dollars a barrel.

Demand for fuel around the world contrasts with rising consumption in the United States and China, while other countries resume closures to stem the rising rate of HIV infections.