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Oklahoma crude oil prices as of noon Tuesday, $40.41
Crude Oil futures contracts opened lower on Tuesday following a rising number of Covid-19 cases. Prices have dropped more than 1% on Monday as a meeting of OPEC+ countries this week is expected to taper production cuts.
The meeting is rumoured to decide on relaxing supply cuts that have been propping up prices.
The increasing number of Covid-19 cases in the US, Brazil, India, and Australia may…