Oil prices extended losses to
about 3 percent on Friday, after US President Donald Trump said he tested
positive for COVID-19.
Trump tweeted news of his
positive result, just hours after the White House announced that Hope Hicks,
one of his aides, had come down with the virus after travelling with the
president several times this week.
Brent crude slipped on the Trump
news and was down $1.12, or 2.7 percent, at $39.81 a barrel by 0710 GMT. U.S.
oil was also down $1.12, or 2.9%, at $37.60. US and Brent crude are heading for
drops of around 5 percent and 6 percent, respectively, this week for a second
consecutive week of declines.
Also, US stock futures and Asian
shares fell Friday. The future contracts for both the S&P 500 and the Dow
industrials dropped nearly 2 percent but were trading 1.2 percent lower several
hours later.
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