Oil costs extended their losses into a 3rd day on Thursday as a surprise build-up in U.S. crude inventories and a revival of COVID-19 cases in India and Japan raised need recovery concerns.Brent unrefined futures fell 44 cents, or 0.67%, to $64.88 a barrel by 1041 GMT, having actually dropped by $1.25 on Wednesday.”India, the worlds third-largest oil user, on Thursday reported the worlds greatest daily boost to date with 314,835 brand-new coronavirus cases.Japan, the worlds No. 4 oil importer, is expected to reveal a 3rd wave of lockdowns affecting Tokyo and 3 western prefectures, media reported. Iranian oil exports might add and leap to unrefined oversupply should a deal be reached.

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