WTI bears return to the desks during the early Thursday, June futures down 4.90% on a day to $13.63, after flashing the first daily positive closing in nine the previous day.
In doing so, the black gold ignores the recent threats to Iran from US President Donald Trump while taking downbeat clues from the Trump administration’s coronavirus taskforce briefing.
During Wednesday’s virus briefings, the US centers for disease control and prevention (CDC) Director Robert Redfield cited fears of the coexistence of flu and the coronavirus (COVID-19).