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Oil edges higher, but fears about coronavirus-fueled hit to demand weigh

September 28, 2020


Crude-oil futures on Monday were edging modestly higher, reversing some earlier weakness that had been sparked by growing concerns about the impact of rising coronavirus cases throughout the globe.

Those concerns were amplified after major energy officials said that they see challenges for prices climbing substantially in the fourth quarter, citing an uneven recovery from the pandemic that has unsettled much of the developed world and harmed energy uptake.

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