Oil prices soften as Opec+ searches for agreement on output
Resurgence in Covid infections highlights need for production cuts
05 January 2021 - 07:49
Singapore — Oil prices edged down on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day, while fuel demand concerns lingered amid new Covid-19 lockdowns.
Brent crude futures for March fell 12c, or 0.2%, to $50.97 a barrel by 0437 GMT, while US West Texas Intermediate crude for February was at $47.56 a barrel, down 6c, or 0.1%...
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