Spike in US cornavirus cases pulls down crude oil prices

Oil prices on dipped as industry data showing a build in U.S. crude stockpile added to worries about oversupply while a surge in coronavirus cases in the United States and other areas cast doubts over a pick-up in fuel demand.

In intra-day trade, Brent crude prices were trading at 43 dollars per barrel while WTI crude prices were at 40 dollars and 50 cents per barrel.