Oil falls on surging virus cases and U.S.-China tensions
LONDON (Reuters) - Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China.
Brent crude fell 76 cents, or 1.5%, to $48.49 a barrel by 0911 GMT. U.S. crude was down 82 cents, or 1.8%, at $45.44.