TOKYO (Reuters) - Oil prices extended losses to about 3% on Friday after U.S. President Donald Trump said he has tested positive for COVID-19, while agreement on a U.S. stimulus package eluded negotiators amid ongoing worries about demand.
Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710 GMT. U.S. oil was also down $1.12, or 2.9%, at $37.60.
U.S. and Brent crude are heading for drops of around 5% and 6% respectively this week for a second consecutive week of declines.
Oil was already in negative territory after a bipartisan deal for more economic relief in response to the pandemic continued to elude House Speaker Nancy Pelosi and the White House, adding to fears about worsening demand without more support for the economy.
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