Oil back near $50 a barrel as Covid-19 curbs take toll
Oil has recovered in recent weeks, with Brent reaching $51.06, its highest since March, on December 10, supported by hopes of demand recovery
15 December 2020 - 12:31
London — Oil slipped towards $50 a barrel on Tuesday as tighter lockdowns in Europe and forecasts of a slower demand recovery outweighed relief from the rollout of coronavirus vaccines.
London stepped up pandemic restrictions requiring bars and restaurants to close, Italy is considering more stringent steps over Christmas and Germany is likely to be under lockdown until early 2021...
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