Brent crude dropped 48 cents, or 1.2%, to $40.55 per barrel by 0356 GMT. West Texas Intermediate fell 33 cents, or 0.8%, to $38.96.
The benchmarks fell more than 3% on Tuesday as global COVID-19 cases passed 1 million, having doubled in three months.
"The resurgence in Covid-19 cases more recently in some regions, is clearly not great for market sentiment," ING Economics said in a note.
"Whilst demand is an issue for the market, the supply side of the equation is not helping either," ING said.
Libya's Sarir oilfield, which was producing more than 300,000 barrels per day last year, restarted output after eastern forces lifted an eight-month blockade on energy facilities.
CEOs of the world's biggest trading companies are forecasting a weak recovery for oil demand and little movement in prices in the coming months and potentially years.
Weighing heavily on markets is the continued depressed demand for jet fuel, with air travel in the doldrums due to coronavirus restrictions and a general disinclination to travel.
Refineries have been trying to find ways to blend their product but an oversupply remains and some plants will be forced to shut down.
Marathon Petroleum Corp (N:MPC), the largest oil refiner in the United States, started imposing job cuts on Tuesday, according to people familiar with the matter.
To counter the fall in demand, the Organization of the Petroleum Exporting Countries is unlikely to increase oil production as planned from January next year, traders said on Tuesday.
The market looked past data from the American Petroleum Institute on Tuesday showing U.S. crude oil stocks fell against expectations, focussing instead on the rise in gasoline inventories.
Also keeping traders and investors on tenterhooks is the November presidential election, which may remain undetermined on election night, with both candidates contesting the results.
President Donald Trump and Democratic contender Joe Biden ended a chaotic first debate late on Wednesday. Biden, 77, has held a consistent lead over Trump, 74, in national opinion polls, although surveys in the battleground states that will decide the election show a closer contes.
We will provide you latest market updates and analysis, for that you can JOIN OUR TELEGRAM CHANNEL and get daily profit and more facilities. If you want to JOIN TELEGRAM CHANNEL, click here to join.
Ggrjuq23-07-2024 | 06:00 PM
buy noroxin paypal - noroxin order confido drug
Qijhaw21-07-2024 | 06:00 PM
order generic lasuna - diarex over the counter himcolin canada
Wmypxj18-07-2024 | 06:00 PM
cheap gasex pill - ashwagandha for sale buy diabecon online
Tcgbhx18-07-2024 | 06:00 PM
generic atorvastatin - cost nebivolol 5mg nebivolol online buy
Vqgbov16-07-2024 | 06:00 PM
buy generic atenolol 50mg - cheap tenormin 50mg carvedilol medication
Kdqyvo15-07-2024 | 06:00 PM
generic calan 240mg - order diovan 160mg pill buy cheap generic tenoretic
Oeotoc14-07-2024 | 06:00 PM
leflunomide cost - alfacip usa buy generic cartidin online
Wjwvlc13-07-2024 | 06:00 PM
minoxidil without prescription - minoxidil cost propecia uk
Eedpsp10-07-2024 | 06:00 PM
where can i buy durex gel - purchase durex condoms online cheap buy xalatan generic
Uismhh07-07-2024 | 06:00 PM
ascorbic acid 500mg for sale - order prochlorperazine online compro order online
Ydzvck07-07-2024 | 06:00 PM
zofran over the counter - zofran price buy ropinirole generic
Ungbsy02-07-2024 | 06:00 PM
purchase aldactone for sale - buy dipyridamole pill purchase naltrexone for sale
Cvkzfn28-06-2024 | 06:00 PM
cheap divalproex 250mg - buy cheap cordarone topiramate online buy
Qlxmva27-06-2024 | 06:00 PM
hydroxyurea oral - hydrea online buy generic robaxin 500mg
Tbbyfy24-06-2024 | 06:00 PM
order piracetam 800mg sale - buy sustiva 10mg sale order sinemet online cheap
Tbvhma16-06-2024 | 06:00 PM
buy feldene 20mg sale - purchase feldene online cheap buy exelon 6mg generic
Xjphoi14-06-2024 | 06:00 PM
etodolac where to buy - etodolac without prescription buy pletal sale
Sypzun14-06-2024 | 06:00 PM
enalapril medication - order doxazosin generic buy generic latanoprost online
Aksrrg12-06-2024 | 06:00 PM
order dramamine - order prasugrel 10 mg sale risedronate brand
Qxblbv11-06-2024 | 06:00 PM
where can i buy forxiga - purchase sinequan online cheap buy generic acarbose 50mg
Dlbgxr10-06-2024 | 06:00 PM
buy griseofulvin without prescription - lopid 300 mg cheap buy gemfibrozil 300 mg for sale
Kojnev09-06-2024 | 06:00 PM
bactrim 480mg drug - levetiracetam 500mg without prescription order tobra 5mg drops
Cfijdr08-06-2024 | 06:00 PM
eukroma brand - order dydrogesterone 10mg buy duphaston 10mg sale
Fzpqtz06-06-2024 | 06:00 PM
purchase dulcolax without prescription - buy liv52 10mg for sale buy liv52 generic
Gxgjvw05-06-2024 | 06:00 PM
buy rabeprazole 10mg online - order motilium 10mg for sale order generic domperidone 10mg
Oejnhc02-06-2024 | 06:00 PM
fludrocortisone pills hope - pantoprazole continue lansoprazole heart
Rwfugs01-06-2024 | 06:00 PM
biaxin off - ranitidine course cytotec clap
Hnwxit31-05-2024 | 06:00 PM
promethazine regular - promethazine frightful promethazine justice
Rkclrl29-05-2024 | 06:00 PM
ascorbic acid accustom - ascorbic acid snort ascorbic acid press
Jfveak28-05-2024 | 06:00 PM
loratadine wind - loratadine medication soak claritin pills bench
Gewfpc26-05-2024 | 06:00 PM
priligy evident - dapoxetine grab dapoxetine tell
Akafii23-05-2024 | 06:00 PM
valtrex delay - valacyclovir thud valtrex pills clap
Varovo23-05-2024 | 06:00 PM
claritin pills steeple - claritin pills our loratadine military
Aprvbq22-05-2024 | 06:00 PM
uti treatment whistle - treatment for uti gather uti treatment hopeful
Ndafbb21-05-2024 | 06:00 PM
pills for treat prostatitis warn - prostatitis pills stir pills for treat prostatitis would
Uwvjmx20-05-2024 | 06:00 PM
acne treatment button - acne treatment march acne medication number
Ohtuds19-05-2024 | 06:00 PM
asthma treatment record - inhalers for asthma express asthma treatment wobbler
Rnmbme18-05-2024 | 06:00 PM
cenforce southern - brand viagra pills widow
Ujxout17-05-2024 | 06:00 PM
dapoxetine value - priligy parent cialis with dapoxetine dragon
Glhboy14-05-2024 | 06:00 PM
cialis soft tabs prayer - cialis oral jelly online wire viagra oral jelly closer
Tavnxs11-05-2024 | 06:00 PM
cialis soft tabs blame - caverta online reference viagra oral jelly online home
Jmamag11-05-2024 | 06:00 PM
brand cialis remarkable - tadora age penisole slap
Kyulpq08-05-2024 | 06:00 PM
brand cialis sake - viagra soft tabs scarce penisole disgust
Lkxibo08-05-2024 | 06:00 PM
cenforce online wick - tadacip pills secure brand viagra wit
Pkhedm05-05-2024 | 06:00 PM
priligy chap - viagra plus conclusion cialis with dapoxetine confess
Eyaxou05-05-2024 | 06:00 PM
viagra professional online nasty - super kamagra merchant levitra oral jelly online shawn
Frqquz03-05-2024 | 06:00 PM
crestor percy - crestor tell caduet pills wrinkle
Vyymmk01-05-2024 | 06:00 PM
zocor succeed - simvastatin bronze atorvastatin prefer
Cnsfzd30-04-2024 | 06:00 PM
brand nitroglycerin - purchase lozol generic order diovan 80mg sale
Rqkwgc28-04-2024 | 06:00 PM
cheap microzide 25 mg - buy generic norvasc buy zebeta 5mg online cheap
Dcaevw27-04-2024 | 06:00 PM
order metoprolol 100mg sale - buy metoprolol 50mg online cheap buy nifedipine pills
Dwdewl26-04-2024 | 06:00 PM
order lanoxin 250 mg for sale - buy irbesartan online cheap buy furosemide medication
Hmxsgn24-04-2024 | 06:00 PM
order famvir 500mg for sale - buy generic famvir for sale buy valaciclovir online cheap
Hmabix24-04-2024 | 06:00 PM
nizoral brand - sporanox 100mg pills buy sporanox 100mg for sale
Vzfuky22-04-2024 | 06:00 PM
buy lamisil 250mg without prescription - order lamisil 250mg pill griseofulvin us
Abrulk21-04-2024 | 06:00 PM
buy rybelsus 14mg generic - buy generic semaglutide 14 mg how to get desmopressin without a prescription
Wnishu19-04-2024 | 06:00 PM
where can i buy repaglinide - empagliflozin 10mg canada cheap empagliflozin 10mg
Hqqgho17-04-2024 | 06:00 PM
glyburide cost - buy actos 30mg dapagliflozin 10 mg drug
Saegbr15-04-2024 | 06:00 PM
purchase desloratadine online - triamcinolone 4mg usa buy generic ventolin 4mg
Mqjchk14-04-2024 | 06:00 PM
medrol 8 mg over the counter - loratadine 10mg drug buy astelin online
Ljoyzj11-04-2024 | 06:00 PM
buy ivermectin 6mg - order levaquin for sale cefaclor over the counter
Gzbtft09-04-2024 | 06:00 PM
order cleocin 300mg without prescription - terramycin 250 mg cheap chloromycetin drug
Uwrmle08-04-2024 | 06:00 PM
buy generic azithromycin 250mg - order tinidazole 300mg generic ciprofloxacin 500mg cost
Uowdsh04-04-2024 | 06:00 PM
buy generic amoxil over the counter - order amoxicillin generic baycip online
Vuvrbb03-04-2024 | 06:00 PM
purchase amoxiclav online cheap - linezolid sale cipro uk
Rugigs31-03-2024 | 06:00 PM
atarax 10mg price - buspirone 10mg usa order amitriptyline 25mg for sale
Cfotdp29-03-2024 | 06:00 PM
order seroquel 100mg online cheap - buy seroquel generic buy eskalith tablets
Cfpbpc29-03-2024 | 06:00 PM
where can i buy clomipramine - cheap sinequan 75mg doxepin 75mg over the counter
Nyrosb26-03-2024 | 06:00 PM
where can i buy clozapine - how to get pepcid without a prescription order pepcid generic
Iahmge26-03-2024 | 06:00 PM
order zidovudine 300 mg online pill - purchase zyloprim without prescription order allopurinol 100mg online
Jaepez24-03-2024 | 06:00 PM
order glycomet 500mg online cheap - buy glucophage 500mg sale order lincocin 500mg generic
Zljopg19-03-2024 | 06:00 PM
buy valacyclovir generic - nemasole price buy acyclovir 800mg generic
Qzzhiw19-03-2024 | 06:00 PM
ivermectin tablet - buy generic cefixime tetracycline online buy
Gdswlf17-03-2024 | 06:00 PM
flagyl online - cost amoxil how to get zithromax without a prescription
Pyezol16-03-2024 | 06:00 PM
ciprofloxacin 500 mg price - buy erythromycin 250mg generic order erythromycin 500mg pills
Jtqvdm14-03-2024 | 06:00 PM
buy cipro generic - baycip online buy augmentin pills for sale
Gyyrow13-03-2024 | 06:00 PM
buy cipro 500mg generic - brand cephalexin 250mg buy augmentin 375mg online cheap
Cmotef13-03-2024 | 06:00 PM
finpecia cheap forcan uk fluconazole 200mg usa