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OIl price falls
OIl price falls

KONTAN.CO.ID - MELBOURNE. Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.

More than 1 million people have died of COVID-19 as of Tuesday, a Reuters tally showed, with fatalities and infections surging in several countries.

U.S. West Texas Intermediate (WTI) crude futures dropped 22 cents, or 0.5%, to $40.38 at 0438 GMT.

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