Crude oil futures fell nearly 1% to trade below $41 a barrel on Thursday, amid mounting concerns over fuel demand recovery as the number of coronavirus infections continue to rise and led to fresh restrictions in several countries across the globe including France, Germany, Spain and Italy. Earlier in the session, the WTI crude touched $41.22 a barrel after the API reported a decline of 5.42 million barrels in the week ended October 9th, more than market expectations of a 3.39 million drop. Traders now await for the EIA report due later in the day.
