Oil prices to fall around 2?ter Trump tests Covid 19 positive

Oil prices to fall around 2?ter Trump tests Covid 19 positive

Oil prices extended losses to fall around 2% on Friday after U.S. President Donald Trump tested positive for the coronavirus, while a U.S. stimulus package eluded negotiators amid ongoing worries about demand.

Brent crude slipped on the news and was down 78 cents, or 1.9%, at $40.53 a barrel at 0516 GMT. U.S. oil was 79 cents, or 2%, lower at $37.93.

U.S. oil is heading for a drop of more than 5% this week, while Brent is on track to fall more than 4%, in a second consecutive week of decline for both contracts.