Oil price slips again as global Covid fears linger      

Hedge funds and money managers cut net long positions in US crude to the lowest since November as resurgent infections in several countries dampened hopes of a rapid resumption in long-distance air travel

Brent crude was down 3 cents at $69.48 a barrel after falling for three straight sessions. File picture

Oil prices weakened for a fourth session, on the back of surging cases of coronavirus in Japan and a weak demand picture in Asia, and as Opec and its allies believe the market does not need more crude.

Brent crude was down 3 cents at $69.48 a barrel after falling for three straight sessions.