Morning Oil Report 8/12/20

Brent crude futures fell 40 cents, or 0.8%, to $48.39 a barrel at 0455 GMT with Brent continuing to fall from 0600GMT down to lows of $48.09 after then pushing to $48.65 at 0830GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 35 cents or 0.8%, to $45.41 a barrel. Both benchmark contracts lost …