New coronavirus concerns depress oil amid rising China cases
Flaring hot spots in Asia and Fed policy uncertainty have triggered profit taking, strategist says
11 January 2021 - 07:57
Singapore — Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world’s second-largest oil user, after a jump in cases there.
Brent crude oil futures fell 42c, or 0.8%, to $55.57 a barrel by 3.46am after earlier climbing to $56.39, its highest since February 25 2020. Brent rose in the previous four sessions...
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