Oil prices fall as surging virus cases force more lockdowns

SINGAPORE: Oil prices fell on Monday as a continued surge in coronavirus globally forced a series of renewed lockdowns, including strict new measures in Southern California.
Brent crude oil futures were down 16 cents, or 0.3%, at $49.09 a barrel by 0117 GMT, while West Texas Intermediate oil futures fell 19 cents, or 0.4%, to $46.07 a barrel. Both benchmarks gained for a fifth consecutive week last week.