Crude oil slipped further, with U.S. benchmark crude giving up 5 US cents to US$37.35 per barrel in electronic trading on the New York Mercantile Exchange. It tumbled by 5.7 percent Wednesday on worries that an economy already weakened by the virus would consume even less energy and allow excess supplies to build higher. Brent crude, the international standard, gave up 13 US cents to US$39.51 per barrel. It fell by 5.4 percent to US$39.64 per barrel on Wednesday.

Source: The Standard October 29, 2020 04:18 UTC