LONDON—Oil prices fell on Monday on fears about the economic fallout from rising COVID-19 cases around the globe and on oversupply worries as OPEC and its allies are set to wind back output cuts in August.
Brent crude fell 18 cents, or 0.4 percent, to $43.34 a barrel by 11:23 GMT, and U.S. West Texas Intermediate (WTI) crude was down 19 cents, or 0.5 percent, at $40.06.
