Oil prices fall as demand woes eclipse U.S. stimulus - Reuters

Oil prices fall as demand woes eclipse U.S. stimulus - Reuters:

Oil prices fell on Wednesday as faltering fuel demand because of the coronavirus pandemic outweighed a massive pending U.S. economic stimulus package.

Brent crude LCOc1 was down 84 cents, or 3.1%, at $26.31 a barrel at 1154 GMT after touching a low of $25.68.

U.S. crude CLc1 was down 29 cents, or 1.2%, at $23.72 after a low of $23.15.

Both contracts had posted strong gains of more than $1 a barrel earlier in the session.