Oil prices took a toll as the U.S. recorded its single biggest single day spike in positive coronavirus cases, causing some stated to shut down and reinforce lockdown measures. Brent crude futures dipped 0.1% or 6 cents to $41.97 per barrel having risen 1.8% the previous session. U.S. West Texas Intermediate crude shed 0.3% or 10 cents to $39.72 per barrel after rising 1.4% the previous session. States along the U.S. sunbelt have seen a dramatic increase in coronavirus cases primarily focused some of the biggest oil consumer states in the country such as Arizona, Florida, Texas, and California. A larger than expected increase in exports led to a growing gasoline stockpile, despite analysts expectations for a drop in inventories.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices took a toll as the U.S. recorded its single biggest single day spike…<\/p>\n","protected":false},"author":2,"featured_media":1682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[373],"tags":[],"class_list":["post-7103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"jetpack_publicize_connections":[],"yoast_head":"\n