Oil prices finished Monday's volatile trading with losses as traders re-allocated their assets.
The West Texas Intermediate (WTI) for October delivery lost 36 cents to settle at 42.61 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery erased 53 cents to close at 45.28 dollars a barrel on the London ICE Futures Exchange.
Prices were under pressure as investors continue to worry about the outlook for crude demand amid COVID-19 uncertainty.
Global confirmed COVID-19 cases topped 25.3 million and deaths surpassed 847,000 as of Monday afternoon, according to a tally by Johns Hopkins University.
Based on the most actively traded contracts, U.S. benchmark WTI crude rose 5.8 percent in August, while the global benchmark Brent booked a monthly gain of about 4.6 percent.
Editor:Cherie
