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Oil Down, Increasing COVID-19 Cases Continue to Dampen Fuel Demand Outlook.
Oil was down Monday morning in Asia but remained little changed even as increasing numbers of COVID-19 cases globally continue to cloud the fuel demand outlook.
Brent oil futures fell 1.16% to $72.59 by 1:31 AM ET (5:31 AM GMT) after rolling over to the Oct. 21 contract on Jul. 25, 2021. WTI futures slid 1.25% to $71.17.