India, July 1 -- Crude oil futures ended lower on Tuesday as persistent concerns about the rising number of cases of COVID-19. With several states in the US reportedly looking to reconsider their decision to reopen businesses, concerns about energy demand are rising. Reports that Libya is likely to resume oil production also weighed on crude prices. Libya, which can produce about 1% of global supply, is likely to resume exports. Libya's National Oil Corporation is hopeful that oil production will resume as a result of talks between the UN, US, France and Egypt to end a blockade by forces based in the east of the North African country.

Crude oil futures for August declined 43 cents or 1.1 percent to settle at $39.27 a barrel on the New York...