Oil prices fall on renewed coronavirus concerns as China cases climb

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COURTESY BY: https://www.dawn.com/ Brent crude oil prices fell by $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world’s second-largest oil user, where infections jumped. Brent crude oil futures were down 78 cents, or 1.4 per cent, at $55.21 a barrel, after falling $1 to a session low of $54.99 earlier. Brent rose in the previous four sessions. US West Texas Intermediate (WTI) slipped 44 cents, or 0.8pc, to $51.80 a barrel. WTI rose…