The bears took hold of prevailing macros that continually disrupt the fragile energy market negatively amid rising cases of COVID-19 infections.
Brazil jumped to China's third-biggest crude oil supplier in September, import data showed on Sunday, as China's independent refiners scooped up cheap supplies of the South American exporter's relatively high quality oil. Imports from Brazil hit 4.49 million tonnes, up from 2.96 million tonnes a year earlier, data from China's General Administration of Customs showed. Brazil overtook Iraq, which fell to fifth-biggest supplier.
Stocks reversed earlier gains and turned lower Friday, as investors continued to eye commentary from officials around stimulus talks and considered the final presidential debate.