NEW YORK, Sept. 29 (Xinhua) -- Oil prices slipped on Tuesday as investors grew concerned about the prospect of crude demand amid the COVID-19 uncertainty.
The West Texas Intermediate (WTI) for November delivery sank 1.31 U.S. dollars to settle at 39.29 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery decreased 1.4 dollars to 41.03 dollars a barrel on the London ICE Futures Exchange.
Crude prices were under pressure as COVID-19 cases continued to increase in some major economies and globally, experts noted.
"Rising numbers of new corona cases in the U.S. and Europe are limiting the upside potential," Carsten Fritsch, energy analyst at Commerzbank Research, said in a note Tuesday.
"News that more than 1 million people have now died as a result of the pandemic is also weighing on sentiment subconsciously this morning," Fritsch added.
Global COVID-19 deaths reached the grim milestone of 1 million on Monday. As of 3:23 p.m. Tuesday (1923 GMT), the global death toll rose to 1,003,922, with a total of more than 33.4 million cases worldwide, according to a tally by Johns Hopkins University. Enditem
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