Oil |on surge in COVID-19 infections
Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts.
Brent crude fell 65 cents, or 1.5%, to $42.59 a barrel by 0848 GMT, though prices have been hovering around $42 for a couple of weeks. U.S. crude was down 75 cents, or 1.9%, at $39.80.