Oil prices were little changed on today, trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of coronavirus cases, Ruters reports. Brent futures were up 15 US cents, or 0.4 percent, at US$43.43, while West Texas Intermediate (WTI) edged up 2 US cents to US$40.83. The closing prices of both Brent and WTI have traded within a US$2 channel so far this month.

Source: The Standard July 21, 2020 02:58 UTC