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Oil drops after Trump's COVID bombshell

Oil prices fell following President Trump's middle-of-the-night announcement that he tested positive for COVID-19, adding another source of uncertainty to the market.

Where it stands: WTI is down well over 3% to the mid-$37-ish per barrel this morning after earlier dropping into the high-$36 range, while the global benchmark Brent crude has slipped back under $40.

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