US crude stockpiles rise 3m barrels with coronavirus cases increasing in several states

Rebound in Covid-19 cases in some countries undermines hopes for demand recovery

Head for biggest weekly drop since June on demand concerns

Brent crude set to close August with fifth successive monthly price rise

Renewed worries about Covid-19 infections threaten further recovery in oil demand

Producers have shut more than 1.5m bpd of Gulf coast offshore oil production

Energy companies shut more than 1m bpd of offshore oil production in US Gulf of Mexico

Euro zone’s economic rebound from its deepest downturn on record stutters

Prices range bound since mid-June with Brent trading between $40-46 per barrel

Emergence of new coronavirus hot spots places pressure on fuel demand, prices