News Snapshot:
Oil futures traded sharply lower on Friday amid talk of expanded lockdown measures in Europe and reports of a resurgence of COVID-19 infections in China and Southeast Asia, a development that could dent oil demand in the near term, experts said. On Friday, West Texas Intermediate crude for March delivery CL. 1 CLH21 was trading $1.32, or 2.5%, lower at $51.82 a barrel on the New York Mercantile Exchange, after a 0.3% decline on Thursday. Meanwhile, March Brent crude BRN00 BRNH21 was shedding $1.28, or 2.3%, at $54.82 a barrel, following a rise of less than 0.1% for the global...
