Oil And Natural Gas Prices Slide As Traders Grow Cautious
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Oil prices turned lower on Tuesday as growing COVID-19 cases rekindled fears of a stalled demand recovery while the markets and the world prepare to watch the first U.S. presidential debate later today. As of 10:48 a.m. EDT on Tuesday, WTI Crude was down 2.68 percent at $39.51 and Brent Crude was trading down below $42, at $41.49, down 2.22 percent on the day. Meanwhile, U.S. benchmark natural gas prices were down 7.37 percent at $2.589/MMBtu as the October futures contract rolled out, and the November contract became the front-month futures contract.…
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